Shares of Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.07 and traded as high as C$28.96. Labrador Iron Ore Royalty shares last traded at C$28.85, with a volume of 163,704 shares changing hands.
Labrador Iron Ore Royalty Trading Down 0.5%
The business’s 50-day simple moving average is C$28.04 and its two-hundred day simple moving average is C$28.07. The firm has a market cap of C$1.85 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.94 and a beta of 0.66.
Labrador Iron Ore Royalty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Monday, September 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.5%. Labrador Iron Ore Royalty’s dividend payout ratio is presently 127.12%.
About Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
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