Reminder - Labrador Iron Ore Royalty Corp Goes Ex-Dividend SoonBy Canada Stock Channel Staff, Friday, September 24, 10:37 AM ET
On 9/28/21, Labrador Iron Ore Royalty Corp (TSE:LIF.CA) will trade ex-dividend, for its quarterly dividend of $2.10, payable on 10/26/21. As a percentage of LIF.CA's recent stock price of $38.49, this dividend works out to approximately 5.46%, so look for shares of Labrador Iron Ore Royalty Corp to trade 5.46% lower — all else being equal — when LIF.CA shares open for trading on 9/28/21.
Below is a dividend history chart for LIF.CA, showing historical dividends prior to the most recent $2.10 declared by Labrador Iron Ore Royalty Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LIF.CA is likely to continue, and whether the current estimated yield of 21.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LIF.CA shares, versus its 200 day moving average:
Looking at the chart above, LIF.CA's low point in its 52 week range is $23.47 per share, with $50.43 as the 52 week high point — that compares with a last trade of $38.54.
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In Friday trading, Labrador Iron Ore Royalty Corp shares are currently down about 1.5% on the day.
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