Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. Labrador Iron Ore Royalty Corporation is based in Toronto, Canada.
Labrador Iron Ore Royalty Dividend Announcement
• Labrador Iron Ore Royalty announced a quarterly dividend of $0.52 per ordinary share which will be made payable on 2024-10-28. Ex dividend date: 2024-09-27
• Labrador Iron Ore Royalty annual dividend for 2024 was $1.65
• Labrador Iron Ore Royalty annual dividend for 2023 was $1.91
• Labrador Iron Ore Royalty's trailing twelve-month (TTM) dividend yield is 9.43%
• Labrador Iron Ore Royalty's payout ratio for the trailing twelve months (TTM) is 97.04%
• Labrador Iron Ore Royalty's dividend growth over the last five years (2018-2023) was 7.59% year
• Labrador Iron Ore Royalty's dividend growth over the last ten years (2013-2023) was 10.45% year
Labrador Iron Ore Royalty Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-27 | $0.52 | quarterly | 2024-10-28 |
2024-06-28 | $0.80 | quarterly | 2024-07-26 |
2024-03-27 | $0.33 | quarterly | 2024-04-26 |
2023-12-28 | $0.34 | quarterly | 2024-01-26 |
2023-09-28 | $0.70 | quarterly | 2023-10-26 |
2023-06-29 | $0.49 | quarterly | 2023-07-26 |
2023-03-30 | $0.37 | quarterly | 2023-04-26 |
2022-12-29 | $0.52 | quarterly | 2023-01-26 |
2022-09-28 | $0.73 | quarterly | 2022-10-26 |
2022-06-29 | $0.70 | quarterly | 2022-07-26 |
2022-03-30 | $0.40 | quarterly | 2022-04-26 |
2021-12-30 | $0.90 | quarterly | 2022-01-26 |
2021-09-28 | $1.66 | quarterly | 2021-10-26 |
2021-06-29 | $1.42 | quarterly | 2021-07-26 |
2021-03-30 | $0.79 | quarterly | 2021-04-26 |
2020-12-30 | $1.40 | quarterly | 2021-01-26 |
2020-09-29 | $0.34 | quarterly | 2020-10-25 |
2020-06-29 | $0.33 | quarterly | 2020-07-25 |
2020-03-30 | $0.25 | quarterly | 2020-04-25 |
2019-12-30 | $0.80 | quarterly | 2020-01-25 |
2019-09-27 | $0.75 | quarterly | 2019-10-25 |
2019-06-27 | $0.69 | quarterly | 2019-07-25 |
2018-12-28 | $0.44 | quarterly | 2019-01-25 |
2018-09-27 | $0.42 | quarterly | 2018-10-25 |
2018-06-28 | $0.19 | quarterly | 2018-07-25 |
2018-03-28 | $0.27 | quarterly | 2018-04-25 |
2017-12-28 | $0.43 | quarterly | 2018-01-25 |
2017-09-28 | $0.80 | quarterly | 2017-10-25 |
2017-06-28 | $0.46 | quarterly | 2017-07-25 |
2017-03-29 | $0.37 | quarterly | 2017-04-25 |
2016-12-28 | $0.18 | quarterly | |
2016-09-28 | $0.19 | quarterly | |
2016-06-28 | $0.19 | quarterly | |
2016-03-29 | $0.19 | quarterly | |
2015-12-29 | $0.18 | quarterly | |
2015-09-28 | $0.19 | quarterly | |
2015-06-26 | $0.20 | quarterly | |
2015-03-27 | $0.20 | quarterly | |
2014-12-29 | $0.30 | quarterly | |
2014-09-26 | $0.45 | quarterly | |
2014-06-26 | $0.37 | quarterly | |
2014-03-27 | $0.36 | quarterly | |
2013-12-27 | $0.70 | quarterly |
Labrador Iron Ore Royalty Dividend per year
Labrador Iron Ore Royalty Dividend growth
Labrador Iron Ore Royalty Dividend Yield
Labrador Iron Ore Royalty current trailing twelve-month (TTM) dividend yield is 9.43%. Interested in purchasing Labrador Iron Ore Royalty stock? Use our calculator to estimate your expected dividend yield:
Labrador Iron Ore Royalty Financial Ratios
Labrador Iron Ore Royalty Dividend FAQ
Other factors to consider when evaluating Labrador Iron Ore Royalty as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Labrador Iron Ore Royalty's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Labrador Iron Ore Royalty publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Labrador Iron Ore Royalty distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Labrador Iron Ore Royalty are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Labrador Iron Ore Royalty sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Labrador Iron Ore Royalty distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Labrador Iron Ore Royalty declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Labrador Iron Ore Royalty's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Labrador Iron Ore Royalty's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.