Great Northern Iron Ore Properties (GNI)

[LouisDesyjr]

Only 7 more quarters left until April 2015 end

The ex dividend date just passed for the 2013 Q3 dividend, so there are only 7 more quarters left before the April 2015 end with the property reverting to Glacier Park Company, a wholly owned subsidiary of ConocoPhillips Company .


I expect the total remaining payouts to be around $26.56 with the breakdown as follows:

1: Seven quarterly payouts of around $2.50 each for a total of $17.50 in dividends.

2: A final distribution at the winding down of the trust of around $8.56.

Total payouts between now and April 2015 = $17.50 + $8.56 for a total expected payouts of $26.06

Louis J. Desy Jr.
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