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 an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp > CASH DIVIDEND FOR THE FIRST QUARTER OF 2022 - $0.50 PER COMM

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Comment by porksnifferon Mar 14, 2022 10:09am

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Post# 34511388

RE:RE:RE:RE:RE:CASH DIVIDEND FOR THE FIRST QUARTER OF 2022 - $0.50 PER COMM

DaveInvestor59 wrote: Why did these a-holes lower the dividend? The stock is down 15% already this morning. I thought they had a good earnings report. I'm so tired of these huge moves lower from earnings reports. You never know whether to sell a position or stay in right before a report these days because the moves to the downside can be so overdone if investors aren't happy.

Best clue was an earnings and dividend date reported on a Friday AFTER market close. Normally this is an automatic sell for me but I don't really pay attention to the news on this holding. Can't let your guard down even on dividend plays.

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