5 High Dividend Stocks with Over 12% Yield

3. Labrador Iron Ore Royalty Corporation (OTC:LIFZF)

Dividend Yield: 22.46%

Number of Hedge Fund Holders: N/A

Labrador Iron Ore Royalty Corporation (OTC:LIFZF) is a Canadian investment company with an equity interest in the privately held Iron Ore Company of Canada, a significant producer and exporter of premium iron ore pellets and high-grade concentrate. Labrador Iron Ore Royalty Corporation (OTC:LIFZF) is one of the best high dividend stocks, offering dividends since 2012, with a forward yield of 22.46%. 

Labrador Iron Ore Royalty Corporation (OTC:LIFZF) announced earnings for the third quarter on November 5. The company posted a GAAP EPS of C$1.64, along with a revenue of C$74.71 million, which was up 41.3% year-over-year. 

Scotiabank analyst Orest Wowkodaw on November 5 lowered the price target on Labrador Iron Ore Royalty Corporation (OTC:LIFZF) to C$40 from C$41 and kept an Outperform rating on the shares.