Great Northern Iron Ore Properties (GNI) Ex-Dividend Date Scheduled for December 27, 2012

By NASDAQ.com News,  December 24, 2012, 09:00:04 AM EDT

Great Northern Iron Ore Properties ( GNI ) has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $5.25 per share scheduled for January 31, 2013. Shareholders who purchased GNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 50% increase over the prior quarter. At the current stock price of $78.28, the dividend yield is 26.83%.

The previous trading day's last sale of GNI was $78.28, representing a -37.88% decrease from the 52 week high of $126.01 and a 32.9% increase over the 52 week low of $58.90.

GNI is a part of the Basic Industries sector, which includes companies such as BHP Billiton Limited ( BHP ) and VALE S.A. ( VALE ). GNI's current earnings per share, an indicator of a company's profitability, is $15.85. Zacks Investment Research reports GNI's forecasted earnings growth in 2012 as -9.63%, compared to an industry average of -24%.

For more information on the declaration, record and payment dates, visit the GNI Dividend History page.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, Stocks

Referenced Stocks: BHP, GNI, VALE



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