3 Dividend Stocks for Your Watchlist
Published Tue, 19 Apr 2011 on The Motley Fool

We can help you keep tabs on your companies with MyWatchlist.com, our free, personalized stock-tracking service. Here are three dividend stocks for your watchlist. 1. Mesabi Trust (NYSE: MSB ) Similar to Great Northern Iron Ore (NYSE: GNI ) , Mesabi Trust is a royalty trust with large holdings of iron ore and is a great way to gain direct exposure to iron ore. The ore is mined by Northshore Mining, a subsidiary of Cliffs Natural Resources (NYSE: CLF ) . Shares have been falling after the firm announced last week that its first quarter distribution will be more than 50% lower than last year's and could present a buying opportunity if the stock falls further. The drop in dividend really should not have come as a surprise to anyone who has been reading the writings of James Duade, an analyst whose estimates of the quarterly distribution (2011Q1)(2010Q4) have been right on the money. If you believe iron ore is poised to continue its bull run, Mesabi Trust is for you.... Read more