November 13, 2018 / 5:27 PM / 7 months ago

BUZZ-Labrador Iron Ore Royalty: BMO expects a Q4 dividend hike

** BMO Capital Markets expects Labrador Iron Ore Royalty 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

** 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)

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