Cash Dividends for the First Quarter of 2018 - $0.35 Per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.10
Cash Dividends for the First Quarter of 2018 - $0.35 Per
Common Share Comprised of a Regular Dividend of $0.25 and
a Special Dividend of $0.10
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
View original content: http://www.newswire.ca/en/releases/archive/March2018/08/c1568.html
%SEDAR: 00030172E
For further information:
William H. McNeil, President & Chief Executive Officer, (416) 863-7133, E-mail-
CO: Labrador Iron Ore Royalty Corporation
CNW 18:00e 08-MAR-18