The Globe and Mail reports in its Friday, Sept. 19, edition that Desjardins Securities analyst Jackie Przybylowski says Labrador Iron Ore Royalty's ($26.56) dividend is safe and is expected to grow. The Globe's Darcy Keith and Jody White write in the Eye On Equities column that the company declared a dividend of 50 cents per share on Wednesday. Ms. Przybylowski says while the distribution was higher than her estimates, she expects Labrador Iron Ore Royalty to continue to build a cash balance "which helps to ensure a safe, stable dividend even in a prolonged period of depressed iron ore spot prices." Ms. Przybylowski expects dividends will rise as production volumes increase and capital spending falls. Ms. Przybylowski maintains her $36 target price and "buy-average risk" rating. The Street on average targets the shares at $34.11. The Globe reported on Sept. 24, 2013, that Labrador Iron Ore Royalty was profitable and undervalued. The shares could then be had for $31.43. The Globe's Michael Bowman was bullish on Labrador Iron Ore Royalty in the Number Cruncher column on Dec. 11, 2013. Mr. Bowman said the company had a long history of creating profit. The shares could then be had for $32.83.