TORONTO , March 4, 2021 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of $1.00 per Common Share. The dividend is payable to holders of record at the close of business on March 31, 2021 and is to be paid on April 26, 2021 .
Iron Ore Company of Canada Dividend
The Corporation announced that Iron Ore Company of Canada (IOC) has declared a dividend payable on March 25 , 2021. The Corporation's portion is U.S. $15,100,000 or about CDN $19.1 million .
About Labrador Iron Ore Royalty Corporation
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
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