Labrador Iron Ore Royalty: BMO expects a Q4 dividend hike

Labrador Iron Ore Royalty

13/11/2018 17:25

** BMO Capital Markets expects Labrador Iron Ore Royalty
 LIF.TO  can afford to pay higher dividends in the final qtr
    ** Brokerage notes LIF is currently benefiting from strong
iron ore quality premiums and trades on attractive near-term
dividend yields
    ** BMO hikes its Q4 div estimate to C$1.10/shr from C$0.90,
bringing its full-year div forecast to C$2.25, a 10 pct increase
    ** LIF has paid out C$1.15/shr in the first three quarters
of the year and last week said it was "in a good position" to
maintain the regular div and continue paying special divs
 urn:newsml:reuters.com:*:nCNW5MnhYa
    ** BMO's div estimates gives LIF a div yield of 7.4 pct for
2018, rising to 8.9 pct in 2019 and dipping to 8.6 pct in 2020
    ** LIF down 0.4 pct on the day, but still up 6.6 pct since
reporting strong Q3 results last week

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))