Dividend History

The declaration of dividends remains at the discretion of the Board.

The following schedule is a history of all dividends paid by the Corporation since the exchange of subordinated notes for common shares of the Corporation effective October 3, 2012.

Declaration Date	Record Date	Payment Date	Regular Dividend per Share		Special Dividend per Share		Total Dividend per Share *

Mar. 12, 2024	Mar. 28, 2024	Apr. 26, 2024	0.450		-		0.450
		Total	0.450		-		0.450

Mar. 7, 2023	Mar. 31, 2023	Apr. 26, 2023	0.500		-		0.500
Jun. 14, 2023	Jun. 30, 2023	Jul. 26, 2023	0.650		-		0.650
Sep. 14, 2023	Sep. 29, 2023	Oct. 26, 2023	0.950		-		0.950
Dec. 14, 2023	Dec. 29, 2023	Jan. 26, 2024	0.450		-		0.450
		Total	2.550		-		2.550

Mar. 11, 2022	Mar. 31, 2022	Apr. 26, 2022	0.500		-		0.500
Jun. 14, 2022	Jun. 30, 2022	Jul. 26, 2022	0.900		-		0.900
Sep. 15, 2022	Sep. 29, 2022	Oct. 26, 2022	1.000		-		1.000
Dec. 15, 2022	Dec. 30, 2022	Jan. 26, 2023	0.700		-		0.700
		Total	3.100		-		3.100

Mar. 4, 2021	Mar. 31, 2021	Apr. 26, 2021	1.000		-		1.000
Jun. 15, 2021	Jun. 30, 2021	Jul. 26, 2021	1.750		-		1.750
Sep. 15, 2021	Sep. 30, 2021	Oct. 26, 2021	2.100		-		2.100
Dec. 15, 2021	Dec. 31, 2021	Jan. 26, 2022	1.150		-		1.150
		Total	6.000		-		6.000

Mar. 5, 2020	Mar. 31, 2020	Apr. 25, 2020	0.250		0.100		0.350
Jun. 10, 2020	Jun. 30, 2020	Jul. 25, 2020	0.250		0.200		0.450
Sep. 15, 2020	Sep. 30, 2020	Oct. 25, 2020	0.250		0.200		0.450
Dec. 15, 2020	Dec. 31, 2020	Jan. 26, 2021	1.800		-		1.800
		Total	2.550		0.500		3.050

Mar. 7, 2019	Mar. 31, 2019	Apr. 25, 2019	0.250		0.800		1.050
Jun. 15, 2019	Jun. 30, 2019	Jul. 25, 2019	0.250		0.650		0.900
Sep. 12, 2019	Sep. 30, 2019	Oct. 25, 2019	0.250		0.750		1.000
Dec. 10, 2019	Dec. 31, 2019	Jan. 25, 2020	0.250		0.800		1.050
		Total	1.000		3.000		4.000

Mar. 8, 2018	Mar. 31, 2018	Apr. 25, 2018	0.250		0.100		0.350
Jun. 12, 2018	Jun. 30, 2018	Jul. 25, 2018	0.250		-		0.250
Sep. 15, 2018	Sep. 30, 2018	Oct. 25, 2018	0.250		0.300		0.550
Dec. 14, 2018	Dec. 31, 2018	Jan. 25, 2019	0.250		0.350		0.600
		Total	1.000		0.750		1.750

Mar. 2, 2017	Mar. 31, 2017	Apr. 25, 2017	0.250		0.250		0.500
Jun. 12, 2017	Jun. 30, 2017	Jul. 25, 2017	0.250		0.350		0.600
Sep. 15, 2017	Sep. 30, 2017	Oct. 25, 2017	0.250		0.750		1.000
Dec. 14, 2017	Dec. 31, 2017	Jan. 25, 2018	0.250		0.300		0.550
		Total	1.000		1.650		2.650

Mar. 3, 2016	Mar. 31, 2016	Apr. 25, 2016	0.250		-		0.250
Jun. 14, 2016	Jun. 30, 2016	Jul. 25, 2016	0.250		-		0.250
Sep. 15, 2016	Sep. 30, 2016	Oct. 25, 2016	0.250		-		0.250
Dec. 13, 2016	Dec. 31, 2016	Jan. 25, 2017	0.250		-		0.250
		Total	1.000		-		1.000

Mar. 3, 2015	Mar. 31, 2015	Apr. 25, 2015	0.250		-		0.250
Jun. 11, 2015	Jun. 30, 2015	Jul. 25, 2015	0.250		-		0.250
Sep. 16, 2015	Sep. 30, 2015	Oct. 25, 2015	0.250		-		0.250
Dec. 11, 2015	Dec. 31, 2015	Jan. 25, 2016	0.250		-		0.250
		Total	1.000		-		1.000

Mar. 3, 2014	Mar. 31, 2014	Apr. 25, 2014	0.250		0.150		0.400
Jun. 12, 2014	Jun. 30, 2014	Jul. 25, 2014	0.250		0.150		0.400
Sep. 17, 2014	Sep. 30, 2014	Oct. 25, 2014	0.250		0.250		0.500
Dec. 12, 2014	Dec. 31, 2014	Jan. 25, 2015	0.250		0.100		0.350
		Total	1.000		0.650		1.650

Mar. 1, 2013	Mar. 31, 2013	Apr. 25, 2013	0.250		0.125		0.375
Jun. 12, 2013	Jun. 30, 2013	Jul. 25, 2013	0.250		0.125		0.375
Sep. 17, 2013	Sep. 30, 2013	Oct. 25, 2013	0.250		0.125		0.375
Dec. 11, 2013	Sep. 30, 2013	Jan. 25, 2014	0.250		0.500		0.750
		Total	1.000		0.875		1.875

Dec. 11, 2012	Dec. 31, 2012	Jan. 25, 2013	0.250		0.125		0.375
		Total	21.900	#	7.550	#	29.450

* All dividends paid by the Corporation are designated as "eligible dividends" in accordance with the provision of the Canadian Income Tax Act.

Company

Iron Ore Company of Canada

Investors

Responsibility

Dividend History

Investors