tiprankstipranks
LIORC to Receive Hefty Dividend from IOC Holdings
Company Announcements

LIORC to Receive Hefty Dividend from IOC Holdings

Story Highlights

Labrador Iron Ore (TSE:LIF) has released an update.

Don't Miss Our Christmas Offers:

Labrador Iron Ore Royalty Corporation (LIORC) has announced that it will receive a significant dividend from the Iron Ore Company of Canada (IOC) in September, amounting to approximately CDN $20.3 million. This comes as a result of LIORC’s 15.1% equity interest in IOC and is a precursor to LIORC’s own third-quarter dividend declaration, typically based on the quarter’s total cash receipts.

For further insights into TSE:LIF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLabrador Iron Ore Declares Fourth Quarter Dividend
TipRanks Canadian Auto-Generated NewsdeskLabrador Iron Ore Receives IOC Dividend
TipRanks Canadian Auto-Generated NewsdeskLabrador Iron Ore Faces Challenging Third Quarter
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App