Hecla Mining Company (HL) to Issue Quarterly Dividend of $0.00 on June 10th

Hecla Mining Company (NYSE:HL) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.0038 per share by the basic materials company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 22nd.

Hecla Mining has a dividend payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hecla Mining to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 2.7%.

Hecla Mining Price Performance

Hecla Mining stock opened at $16.34 on Wednesday. The stock has a market cap of $10.96 billion, a P/E ratio of 39.86 and a beta of 1.26. The company has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $19.73. Hecla Mining has a 12-month low of $4.90 and a 12-month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. Equities analysts expect that Hecla Mining will post 0.93 EPS for the current fiscal year.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.