Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) declared a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.70 per share on Monday, October 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date is Friday, September 27th.
Labrador Iron Ore Royalty Stock Performance
Shares of LIF stock opened at C$32.81 on Thursday. The stock’s fifty day moving average is C$30.16 and its 200-day moving average is C$29.89. Labrador Iron Ore Royalty has a 52 week low of C$28.48 and a 52 week high of C$33.49. The stock has a market capitalization of C$2.10 billion, a PE ratio of 9.97, a PEG ratio of 0.94 and a beta of 1.10.
Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$53.13 million during the quarter. Labrador Iron Ore Royalty had a return on equity of 31.89% and a net margin of 99.70%. As a group, analysts forecast that Labrador Iron Ore Royalty will post 3.7574257 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Research Report on LIF
About Labrador Iron Ore Royalty
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.
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