TORONTO, March 8, 2018
TORONTO, March 8, 2018 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.10 per Common Share for total dividends of $0.35 per Common Share. All amounts are payable to holders of record at the close of business on March 31, 2018 and to be paid on April 25, 2018.
Iron Ore Company of Canada Dividend
The Corporation reported today that Iron Ore Company of Canada (IOC) did not declare a dividend for the quarter ending March 31, 2018. The Corporation has also been advised by IOC that the next IOC dividend will depend on the successful resolution of new Collective Bargaining Agreements. The Corporation has been advised that the negotiating process is continuing. The Corporation has been advised that the IOC planned production forecasts at present continue to be within the 2018 production guidance provided to Rio Tinto.
SOURCE Labrador Iron Ore Royalty Corporation
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