Hecla Mining Company (NYSE:HL) to Issue $0.00 Quarterly Dividend

Hecla Mining Company (NYSE:HL) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, November 24th will be given a dividend of 0.0038 per share by the basic materials company on Monday, December 8th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, November 24th.

Hecla Mining has raised its dividend by an average of 0.3%per year over the last three years. 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 $0.19 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 5.3%.

Hecla Mining Stock Performance

HL opened at $12.08 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average price is $11.74 and its two-hundred day moving average price is $8.02. Hecla Mining has a 1-year low of $4.46 and a 1-year high of $15.44. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 75.50 and a beta of 1.31.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million during the quarter, compared to analyst estimates of $248.93 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue was up 23.8% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares in the company, valued at $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transce3nd LLC bought a new position in Hecla Mining during the second quarter worth about $25,000. USA Financial Formulas bought a new position in Hecla Mining during the third quarter worth about $25,000. UMB Bank n.a. boosted its position in Hecla Mining by 2,390.0% during the third quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 2,390 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining during the first quarter worth about $31,000. Finally, EverSource Wealth Advisors LLC boosted its position in Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 4,425 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.