LIORC to Receive Hefty Dividend from IOC Holdings

Labrador Iron Ore (TSE:LIF) has released an update.

Labrador Iron Ore Royalty Corporation (LIORC) has announced that it will receive a significant dividend from the Iron Ore Company of Canada (IOC) in September, amounting to approximately CDN $20.3 million. This comes as a result of LIORC’s 15.1% equity interest in IOC and is a precursor to LIORC’s own third-quarter dividend declaration, typically based on the quarter’s total cash receipts.

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