Labrador Iron Ore Royalty Co. (LIF) To Go Ex-Dividend on June 27th

Labrador Iron Ore Royalty Co. (TSE:LIF) declared a quarterly dividend on Tuesday, June 18th, Zacks reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.25 per share on Thursday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, June 27th.

TSE LIF traded up C$0.07 on Tuesday, reaching C$34.22. 5,465 shares of the company were exchanged, compared to its average volume of 225,599. The firm has a fifty day simple moving average of C$31.85. The company has a market cap of $2.18 billion and a PE ratio of 15.92. Labrador Iron Ore Royalty has a fifty-two week low of C$22.25 and a fifty-two week high of C$34.72.

Labrador Iron Ore Royalty (TSE:LIF) last released its quarterly earnings data on Monday, May 13th. The company reported C$0.61 earnings per share for the quarter. The company had revenue of C$39.21 million for the quarter. Equities research analysts expect that Labrador Iron Ore Royalty will post 2.5462554 EPS for the current year.

Several equities analysts have recently commented on the company. Raymond James reaffirmed an “outperform” rating and issued a C$35.00 price target on shares of Labrador Iron Ore Royalty in a research note on Thursday, June 6th. BMO Capital Markets boosted their price objective on Labrador Iron Ore Royalty from C$30.00 to C$34.00 in a report on Friday, March 8th.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.

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Dividend History for Labrador Iron Ore Royalty (TSE:LIF)

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