Mesabi Trust operates as a royalty trust in the United States. The company is involved in the conservation and protection of its assets. The company's principally wholly-owned segment is the iron ore mining segment, which generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range.
The latest dividend from MSB was $0.05 per share (ex-dividend 7/30/2026). The dividend yield over the last 12 months is 5,7%. Over the last 12 months there were 4 distributions, totalling $0.89 per share.