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Dividend Yield: 11.3%
Market Cap: $275 million
Mesabi Trust (MSB) holds interests in various iron ore properties in the Mesabi Iron Range in Minnesota, including 9,750 contiguous acres in St. Louis County. This stock has performed remarkably well in recent months and is up about 400% from its March 2009 low.
Dividends are an often overlooked but crucial part of a successful retirement strategy. These quarterly offerings can provide a regular "paycheck" for retirees -- especially when the company is a high-yielding blue chip with a track record of boosting its dividend year after year.
But dividends don't just have to be a quiet way to grow your nest egg. They can really supercharge your returns when you buy into a great stock that also happens to be cash-rich. On top of the appreciation you see in your shares, you'll also get a great bonus checked mailed four times a year -- or more, depending on the dividend schedule.
Continue reading Nine Little-Known Dividend Stocks with Big Yields
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