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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Dividend Yield %

: 8.32% (As of Today)
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As of today (2024-04-17), the Trailing Annual Dividend Yield of Labrador Iron Ore Royalty is 8.32%.

Warning Sign:

Labrador Iron Ore Royalty Corp stock dividend yield is close to 2-year low.

The historical rank and industry rank for Labrador Iron Ore Royalty's Dividend Yield % or its related term are showing as below:

LIFZF' s Dividend Yield % Range Over the Past 10 Years
Min: 1.47   Med: 6.13   Max: 19.29
Current: 8.32

During the past 13 years, the highest Dividend Yield of Labrador Iron Ore Royalty was 19.29%. The lowest was 1.47%. And the median was 6.13%.

LIFZF's Dividend Yield % is ranked better than
92.66% of 354 companies
in the Steel industry
Industry Median: 2.765 vs LIFZF: 8.32

Labrador Iron Ore Royalty's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.56.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Labrador Iron Ore Royalty Corp is 0.88, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Labrador Iron Ore Royalty was 1.18. The lowest was 0.31. And the median was 0.78.

As of today (2024-04-17), the Forward Dividend Yield % of Labrador Iron Ore Royalty is 8.32%.

Labrador Iron Ore Royalty's Dividends per Share for the three months ended in Dec. 2023 was $0.34.

During the past 12 months, Labrador Iron Ore Royalty's average Dividends Per Share Growth Rate was -17.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 29.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Labrador Iron Ore Royalty was 81.70% per year. The lowest was -8.80% per year. And the median was 45.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Labrador Iron Ore Royalty Dividend Yield % Historical Data

The historical data trend for Labrador Iron Ore Royalty's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Labrador Iron Ore Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.95 7.61 16.14 9.16 7.86

Labrador Iron Ore Royalty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.16 9.82 8.98 8.80 7.86

Competitive Comparison

For the Steel subindustry, Labrador Iron Ore Royalty's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Labrador Iron Ore Royalty Dividend Yield % Distribution

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Dividend Yield % falls into.



Labrador Iron Ore Royalty Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Labrador Iron Ore Royalty Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.4502024-03-272024-03-282024-04-26Cash DividendquarterlyCAD:USD 0.738242
CAD 0.4502023-12-282023-12-292024-01-26Cash DividendquarterlyCAD:USD 0.754720
CAD 0.9502023-09-282023-09-292023-10-26Cash DividendquarterlyCAD:USD 0.735808
CAD 0.6502023-06-292023-06-302023-07-26Cash DividendquarterlyCAD:USD 0.755744

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Labrador Iron Ore Royalty's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.8620841/22.21
=8.38 %

Current Share Price is $22.21.
Labrador Iron Ore Royalty's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.8620841.

Labrador Iron Ore Royalty's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.3288356/22.21
=5.98 %

Current Share Price is $22.21.
Labrador Iron Ore Royalty's Dividends per Share for the forward twelve months is calculated as $0.3322089 * 4 = $1.3288356.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Labrador Iron Ore Royalty  (OTCPK:LIFZF) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Labrador Iron Ore Royalty Dividend Yield % Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Traded in Other Exchanges
Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

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