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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Labrador Iron Ore Royalty Corporation | TSX:LIF | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.91 | 3.03% | 30.96 | 30.62 | 31.00 | 31.11 | 29.95 | 29.98 | 312,373 | 21:12:07 |
From May 2023 to May 2024
TORONTO, May 26, 2023 /CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") announced that Iron Ore Company of Canada ("IOC"), in which LIORC holds a 15.1% equity interest, has declared a dividend to be paid in June. LIORC's portion of the IOC dividend is U.S. $15.1 million, or about CDN. $20.6 million. For further clarity, this announcement refers to the declaration of an IOC dividend to be received by LIORC and is NOT the declaration by LIORC of a dividend to be paid to LIORC shareholders. LIORC typically declares a second quarter dividend in June based on the total amount of cash expected to be received in the quarter, including the IOC dividend.
The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.
SOURCE Labrador Iron Ore Royalty Corporation
Copyright 2023 Canada NewsWire
1 Year Labrador Iron Ore Royalty Chart |
1 Month Labrador Iron Ore Royalty Chart |
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