TORONTO, Mar. 2, 2010 (Canada NewsWire Group) -- /CNW/ -- Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada (IOC) has declared a dividend payable on March 30, 2010. The Fund's portion is U.S. $11,325,000 or about CDN. $11.9 million (CDN. $0.37 per unit).