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Labrador Iron Ore Royalty Corp. to Pay Special Dividend of 12.5 Cents Per Unit

  • Wednesday, June 13, 2012
  • Source:

  • Keywords:Iron Ore
[Fellow]
Labrador Iron Ore Royalty Corp. (TSX:LIF.UN) said Tuesday it will pay a special dividend of 12.5 cents per unit in addition to its regular quarterly cash distribution of 25 cents per unit.
 
The company said after the close of trading that the payments will be made on July 25 to unitholders of record at the close of business on June 30.
 
Labrador Iron Ore controls a 15.1 per cent equity stake in Iron Ore Company of Canada directly and through its wholly owned subsidiary, Hollinger-Hanna Ltd., and receives a royalty and commission on all iron ore produced, sold and shipped by IOC.
 
The company's stapled units were up $1.38 or about 4.4 per cent at $32.43 on the Toronto Stock Exchange on Tuesday.（Source：CanadianBusiness）
 
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