Labrador Iron Ore Royalty Corp T.LIF

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

[ckwong]

CASH DIVIDEND FOR THE FIRST QUARTER OF 2022 - $0.50 PER COMMON SHARE

[Kylemcc10]

Wth why so low?

[McRambus]

Well now you know why they released this after the market close on a FRIDAY. Never seen any company announce a dividend on a Friday evening. EDIT they actually just reported earnings Fridat after 9PM. Is this real life??

[Kylemcc10]

To be fair the current dividend reflects a terrible Q4. I guess we forgot about it since the SP now is running high off of current iron performance. Gotta wait till July for another big payment  

[JayBanks]

I'm also looking for that, they gave no info on reasoning that I seen. With the commodity price so high, was there any major slow down in shippings or payments from customers or is this the new normal? Remember back in early December when I was running numbers and questioning where we were thinking the dividend was going and normalizing? This is not far off my worst case scenario, which I

[Kylemcc10]

It's just a unique scenario where prices plummeted really fast in Q4 but then recovered quickly in Q1. Share price is reflecting the current environment whereas the dividend is lagging a quarter behind. We'll probably drop but not by much. 5-8% ? Idk. Why tank off old results when the next quarter should be back to a generous payout. I would definitely add if there's an overreaction

[JayBanks]

Are they shipping significantly more ore now than pre 2021? 50% higher commodity price for 50% more payout makes sense and technically the payout should be higher than following the commodity because there is not really extra costs other than general inflation factors on producing $75 iron than $150 iron, so you should get a better profit margin better than a double. So this 50 cent announcement

[DaveInvestor59]

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.

[porksniffer]

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.