Does msb pay dividends

Yes, Mesabi Trust (MSB) pays dividends to its unitholders. Here's the evidence:

1. Dividend Payment: Mesabi Trust has a dividend yield of 5.77% as of July 8, 2024. This indicates that the trust is paying out dividends to its shareholders.
2. Royalty Income: The trust's income comes from royalty payments received from Northshore Mining Company, which operate the Peter Mitchell Mine. These royalty payments include both base and bonus royalties, and the trust passes these revenues through to its unitholders.
3. Tax Treatment: As a pass-through entity, Mesabi Trust does not pay taxes on its revenues, and the dividends are taxed to the unitholders. This is a common feature of royalty trusts, and it is clear that MSB functions in this manner.

In summary, Mesabi Trust does pay dividends to its unitholders, as evidenced by the dividend yield and the trust's royalty income structure.