Post by
auagntungsten on Sep 01, 2023 8:13pm
next quarter....dividend
TORONTO , Sept. 1, 2023 /CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") announced that Iron Ore Company ofCanada ("IOC"), in which LIORC holds a 15.1% equity interest, has declared a dividend to be paid in September. LIORC's portion of the IOC dividend is U.S. $22.6 million , or about CDN. $30.6 million . For further clarity, this announcement refers to the declaration of an IOC dividend to be received by LIORC and is NOT the declaration by LIORC of a dividend to be paid to LIORC shareholders. LIORC typically declares a third quarter dividend later in September based on the total amount of cash expected to be received in the quarter, including the IOC dividend.
From their website today.
How do the other factors look?
$30.6 million Can....divided over 64 million shares is better than $.45. Two quarters and light at the end? China picking up and the infrastucture still requires repairs.