Labrador Iron Ore Royalty Dividend
Dividend criteria checks 4/6
Labrador Iron Ore Royalty is a dividend paying company with a current yield of 8.67% that is well covered by earnings. Next payment date is on 26th July, 2024 with an ex-dividend date of 28th June, 2024.
Key information
8.7%
Dividend yield
79%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | 26 Jul 24 |
Ex dividend date | 28 Jun 24 |
Dividend per share | n/a |
Earnings per share | CA$3.16 |
Dividend yield forecast in 3Y | 9.7% |
Recent dividend updates
Recent updates
Estimating The Fair Value Of Labrador Iron Ore Royalty Corporation (TSE:LIF)
Dec 15Labrador Iron Ore Royalty (TSE:LIF) Might Have The Makings Of A Multi-Bagger
Nov 15An Intrinsic Calculation For Labrador Iron Ore Royalty Corporation (TSE:LIF) Suggests It's 35% Undervalued
Sep 02Labrador Iron Ore Royalty (TSE:LIF) Is Investing Its Capital With Increasing Efficiency
Aug 04Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LIF's dividend payments have been volatile in the past 10 years.
Growing Dividend: LIF's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Labrador Iron Ore Royalty Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (LIF) | 8.7% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.4% |
Industry Average (Metals and Mining) | 1.9% |
Analyst forecast in 3 Years (LIF) | 9.7% |
Notable Dividend: LIF's dividend (8.67%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).
High Dividend: LIF's dividend (8.67%) is in the top 25% of dividend payers in the Canadian market (6.39%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.1%), LIF's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (100.1%), LIF's dividend payments are not well covered by cash flows.