$0.45 per Common Share Comprised
of a Regular Dividend of $0.25
and a Special Dividend of $0.20
TORONTO, Sept. 15, 2020 /CNW/ - The Directors of
Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX:
LIF) declared today a regular quarterly cash dividend of
$0.25 per Common Share. The Directors
also declared a special dividend of $0.20 per Common Share for total dividends of
$0.45 per Common Share. All amounts
are payable to holders of record at the close of business on
September 30, 2020 and to be paid on
October 25, 2020.
Iron Ore Company of Canada Dividend
The Corporation announced that Iron Ore Company of Canada has not declared a dividend for the
quarter ending September 30,
2020.
About Labrador Iron Ore Royalty Corporation
The Corporation holds a 15.10% equity interest in IOC directly
and through its wholly-owned subsidiary, Hollinger-Hanna Limited,
and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore
products produced, sold and shipped by IOC.
SOURCE Labrador Iron Ore Royalty Corporation