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Labrador Iron Ore declares Q1 special dividend of 80 cents per share

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Labrador Iron Ore declares Q1 special dividend of 80 cents per share

Labrador Iron Ore Royalty Corp. on March 7 declared a dividend of C$1.05 per share for the first quarter, comprising a cash dividend of 25 cents and a special dividend of 80 cents.

The dividend is payable April 25 to shareholders on record as of March 31.

The company holds an approximately 15% interest in Iron Ore Co. of Canada Inc., which is majority-owned by Rio Tinto.