Labrador Iron Ore Royalty Co. (TSE:LIF) Plans $0.40 Quarterly Dividend

Key Points

• Labrador Iron Ore Royalty Co. announced a quarterly dividend of $0.40 per share, payable on October 29th to stockholders of record as of September 29th.
• The dividend yield is 5.8% on an annualized basis, reflecting the company's solid investment return strategy.
• Shares of the company saw a 0.5% increase during trading, reaching C$27.80, with a market capitalization of C$1.78 billion.

Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Stockholders of record on Monday, September 29th will be given a dividend of 0.40 per share on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Labrador Iron Ore Royalty Trading Up 0.5%

Shares of Labrador Iron Ore Royalty stock traded up C$0.13 during mid-day trading on Tuesday, reaching C$27.80. 179,187 shares of the stock were exchanged, compared to its average volume of 232,449. The company has a market cap of C$1.78 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52. The firm has a 50-day simple moving average of C$27.22 and a 200 day simple moving average of C$28.33. Labrador Iron Ore Royalty has a fifty-two week low of C$25.85 and a fifty-two week high of C$33.97.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.

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