Great Northern Iron Ore Properties

• Yield Tied To One Mine

  By Mike Thiessen - May 7, 2013 | Tickers: CLF, GNI, MSB

  Mesabi Trust (NYSE: MSB) is an iron ore trust whose income is solely tied to one asset, a mine in eastern Minnesota. The company distributes the income in quarterly dividends, with the value of the shares being tied to the profitability of iron ore mines in North America. Trusts such as this one have a limited life span; Mesabi Trust expires 21 years following the last death of the 25 more »

• 18% Dividend Yield but...

  By Mike Thiessen - November 7, 2012 | Tickers: BLK, COP, GNI

  Imagine a company with return on assets of 77%, a low PE of 4.99, no debt, and an amazing dividend yield.  Then add in the fact that we are living in a yield hungry market.  People would do anything for a 15% + yield in a relatively safe investment.  This is real but it has a major flaw.  This company is Great Northern Iron Ore Properties (NYSE: GNI).  It is more »

• Debt-Free Dividend Paying Trusts

  By Mary Posey - April 27, 2012 | Tickers: CHKR, CRT, ECT, GNI, WLL, WHX

  Being debt free is something that the long-term thinking, financially savvy among us strive for.  So why not look for that in an investment? Also, most people do not look to investing as a source of income.  But that is still no reason to discount a high dividend yield.  Dividend reinvestment is a great thing, especially if you are looking to build a long-term portfolio that you can grow old more »