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

Labrador Iron Ore Royalty Co. (TSE:LIF) declared a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.70 per share on Monday, October 28th. This represents a $2.80 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Friday, September 27th.

Labrador Iron Ore Royalty Stock Performance

Shares of Labrador Iron Ore Royalty stock traded up C$0.27 during trading on Wednesday, hitting C$32.18. The company’s stock had a trading volume of 624,783 shares, compared to its average volume of 193,034. Labrador Iron Ore Royalty has a 52 week low of C$28.48 and a 52 week high of C$33.49. The company has a market capitalization of C$2.06 billion, a PE ratio of 9.83, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a fifty day simple moving average of C$30.10 and a two-hundred day simple moving average of C$29.88.

Labrador Iron Ore Royalty (TSE:LIF) last announced its earnings results on Tuesday, August 6th. The company reported C$0.78 earnings per share for the quarter. Labrador Iron Ore Royalty had a net margin of 99.70% and a return on equity of 31.89%. The business had revenue of C$53.13 million during the quarter. As a group, analysts predict that Labrador Iron Ore Royalty will post 3.7574257 EPS for the current year.

Analysts Set New Price Targets

Separately, Scotiabank cut their target price on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research note on Monday, August 19th.

Labrador Iron Ore Royalty Company Profile

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. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.