Hecla Mining Company (NYSE:HL) Shares Will Pay Quarterly Dividend of $0.00

Hecla Mining Company (NYSE:HL) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 23rd will be paid a dividend of $0.0037 per share by the basic materials company on Tuesday, December 8th. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, November 23rd.

Hecla Mining has a payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hecla Mining to earn $0.90 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 1.1%.

Hecla Mining Price Performance

NYSE:HL opened at $14.63 on Wednesday. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 29.39 and a beta of 1.44. The firm’s fifty day moving average price is $17.42 and its 200 day moving average price is $18.60. Hecla Mining has a 1-year low of $11.81 and a 1-year high of $34.17.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $394.82 million during the quarter, compared to the consensus estimate of $340.10 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. Hecla Mining’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, analysts expect that Hecla Mining will post 0.46 earnings per share for the current fiscal year.

About Hecla Mining

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.