Hecla Mining Company (NYSE:HL) Declares Quarterly Dividend of $0.00

Hecla Mining Company (NYSE:HLGet Free Report) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.0038 per share by the basic materials company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, August 26th.

Hecla Mining has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hecla Mining to earn $0.89 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 Stock Performance

Shares of Hecla Mining stock opened at $15.44 on Wednesday. Hecla Mining has a 12 month low of $5.86 and a 12 month high of $34.17. The firm has a market capitalization of $10.35 billion, a P/E ratio of 37.65 and a beta of 1.32. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $19.08.

Hecla Mining (NYSE:HLGet Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $333.85 million during the quarter, compared to analysts’ expectations of $368.75 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Hecla Mining will post 0.47 earnings per share for the current fiscal year.

Hecla Mining Company Profile

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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.

Further Reading

Dividend History for Hecla Mining (NYSE:HL)

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