LIFZF - Double-Digit Dividends: Labrador Iron Ore Royalty Is Starting To Look Cheap

• I’ve launched a new series focused on long and short opportunities in the double-digit dividend yield market and this is my first bullish idea.
• Labrador Iron Ore Royalty has a dividend yield of 12.36% and has been hit hard by falling global iron ore prices.
• However, the company’s 7% royalty on the operations of Iron Ore Company of Canada makes it look cheap even if iron ore prices decline below $75 a tonne.
• China is cutting steel production in a bid to clean up its air ahead of the 2022 Winter Olympics.
• I expect iron ore demand and prices to rebound once the Olympics are wrapped up.

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