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

Hecla Mining Company (NYSE:HL) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.0038 per share by the basic materials company on Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 22nd.

Hecla Mining has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.19 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 10.5%.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $7.59 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $5.09 billion, a P/E ratio of 47.44 and a beta of 1.27. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $7.68. The stock has a 50 day moving average of $6.06 and a 200-day moving average of $5.66.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.69%. The firm had revenue of $304.03 million during the quarter, compared to analysts’ expectations of $248.93 million. During the same period in the previous year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, equities research analysts predict that Hecla Mining will post 0.21 EPS for the current year.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.