Ten Must Own Dividend-Paying Stocks for 2013

7. Great Northern Iron Ore Properties

Symbol: (NYSE:GNI)

Price: $70.85

The Saint Paul, Minnesota – based company, which owns and leases mineral and non-mineral properties on the Mesabi Iron Range in northeastern Minnesota, has a market cap $105 million. The company’s 12 trailing months show a revenue of $21.83 million with a net income of $17.79 million.

GNI’s average price to earnings ratio (P/E ratio) amounts to 5.90 while the impressive profit and operating margins amount to 81.51 percent and 81.36 percent, respectively. Quarterly earnings growth on a year-over-year basis: -38.20%. Total cash/mrq: $5.83 million.

Forward annual dividend rate: 9.00, Yield: 12.90%

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