On January 26, 2024, Labrador Iron Ore Royalty LIF will distribute a dividend payout of $0.45 per share, equating to an annualized dividend yield of 5.66%. Shareholders who owned the stock before the ex-dividend date on December 28, 2023 will receive this payout.
Labrador Iron Ore Royalty Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-28 | 4 | $0.45 | 5.66% | 2023-12-14 | 2023-12-29 | 2024-01-26 |
| 2023-09-28 | 4 | $0.95 | 11.95% | 2023-09-14 | 2023-09-29 | 2023-10-26 |
| 2023-06-29 | 4 | $0.65 | 8.14% | 2023-06-14 | 2023-06-30 | 2023-07-26 |
| 2023-03-30 | 4 | $0.5 | 5.25% | 2023-03-07 | 2023-03-31 | 2023-04-26 |
| 2022-12-29 | 4 | $0.7 | 8.16% | 2022-12-15 | 2022-12-30 | 2023-01-26 |
| 2022-09-28 | 4 | $1.0 | 13.17% | 2022-09-15 | 2022-09-29 | 2022-10-26 |
| 2022-06-29 | 4 | $0.9 | 10.72% | 2022-06-14 | 2022-06-30 | 2022-07-26 |
| 2022-03-30 | 4 | $0.5 | 3.98% | 2022-03-11 | 2022-03-31 | 2022-04-26 |
| 2021-12-30 | 4 | $1.15 | 12.24% | 2021-12-15 | 2021-12-31 | 2022-01-26 |
| 2021-09-28 | 4 | $2.1 | 20.16% | 2021-09-15 | 2021-09-30 | 2021-10-26 |
| 2021-06-29 | 4 | $1.75 | 14.61% | 2021-06-15 | 2021-06-30 | 2021-07-26 |
| 2021-03-30 | 4 | $1.0 | 10.27% | 2021-03-04 | 2021-03-31 | 2021-04-26 |
Analyzing Labrador Iron Ore Royalty Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed a decline in the company's dividend per share from $6.00 in 2021 to $2.55 in 2023. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For Labrador Iron Ore Royalty
The earnings chart above reveals a decrease in Labrador Iron Ore Royalty's earnings per share, declining from $3.13 in 2021 to $2.80 in 2023. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article takes an in-depth look at Labrador Iron Ore Royalty's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.45 per share today, translating to an annualized dividend yield of 5.66%.
The decline in dividend per share and earnings per share for Labrador Iron Ore Royalty from 2021 to 2023 could signify a challenging financial situation, requiring careful consideration in terms of future profit distributions to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Track real-time stock fluctuations for Labrador Iron Ore Royalty on Benzinga.](https://www.benzinga.com/quote/Labrador Iron Ore Royalty (TSX:LIF))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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