Bullboard - Stock Discussion Forum Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds... see more

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Labrador Iron Ore Royalty Corp > What the hell happened this morning?!

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Post by FartMachine on Jun 29, 2021 11:56am

What the hell happened this morning?!

Dividend increase was announced a week ago, and no news lately? But the stock tanks 5.25%?

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Comment by savyinvestor333 on Jun 29, 2021 11:57am

Ex dividend today and a move by TD to hold from buy.

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Comment by FartMachine on Jun 29, 2021 2:13pm

Thank you for the reply :) I thought ex dividend date was June 30th (tomorrow) but maybe I don't understand how it works. https://ca.finance.yahoo.com/news/cash-dividend-second-quarter-2021-213000329.html

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Comment by porksniffer on Jun 30, 2021 10:13pm

The classic record date/ex-date mixup. You need to own the stock absolute latest 2 days PRIOR to date of record so in our case Monday June 28 at the close was the last chance to purchase as the following day, Tuesday June 29, is the ex-dividend (too late to become a shareholder of record in time for the div) and Wed June 30 is the date of record which takes 2 business days to become a shareholder ...more

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