5 Best Micro-Cap Dividend Stocks To Buy Now

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1. Mesabi Trust (NYSE:MSB)

Dividend Yield as of November 30: 24.9%

Mesabi Trust (NYSE:MSB) is a New York-based royalty trust that operates in the iron ore mining segment. The trust mainly derives its income from an iron ore mine in Minnesota. The company currently pays a quarterly dividend of $0.84 per share and has a dividend yield of 24.9%, as of November 30.

At the end of September 2022, 7 hedge funds in Insider Monkey’s database owned stakes in Mesabi Trust (NYSE:MSB), up from 4 in the previous quarter. The collective value of these stakes is over $81.4 million. With over 2.5 million shares, Horizon Asset Management was the company’s leading stakeholder in Q3.

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You can also take a look at 11 Best Canadian Dividend Stocks To Buy Now and 10 Best 5% Dividend Stocks To Buy According To Hedge Funds

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