- Labrador Iron (TSX: LIF) held a high dividend yield of almost 13 per cent
- The next dividend payment of C$ 0.9 is scheduled for July 26, up from C$ 0.5 paid on April 26
- Labrador’s profitability, depicted by its return on equity, was over 60 per cent
The Bank of Canada noted in its quarterly survey released on Monday, July 4, that consumers, whose expectations for inflation have grown in line with price concerns, believe that the inflation is likely to last longer than earlier expected. Amid this grim projection, Canadian investors can explore TSX dividend stocks like Labrador Iron Ore (TSX: LIF), which could help weather inflationary effects in the near and long terms.
The central bank said that short-term expectations are at record-high levels, while long-term expectations also rose significantly in Q2 2022. The BoC added that expectations of rising inflation and policy rates affect consumers’ behaviour, leading them to opt for affordable options and cut down spending.