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

Key Points

• Hecla Mining declared a quarterly dividend of $0.0037 per share, equivalent to about $0.01 annualized and a 0.1% yield. The ex-dividend and record date is November 23, with payment scheduled for December 8.
• The company reported quarterly EPS of $0.22, beating the $0.14 analyst consensus, and revenue of $394.82 million, above estimates of $340.10 million. Revenue was down 3.5% year over year.

Hecla Mining Company (NYSE:HL - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Stockholders 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 dividend on an annualized basis 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 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

Shares of NYSE:HL opened at $13.20 on Wednesday. The firm's 50 day simple moving average is $17.42 and its 200 day simple moving average is $18.60. Hecla Mining has a fifty-two week low of $11.81 and a fifty-two week high of $34.17. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 26.93 and a beta of 1.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in shares of Hecla Mining by 26.9% in the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 538 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Hecla Mining by 8.1% during the 3rd quarter. CoreCap Advisors LLC now owns 8,277 shares of the basic materials company's stock worth $141,000 after buying an additional 619 shares during the last quarter. North Dakota State Investment Board lifted its position in Hecla Mining by 3.9% during the third quarter. North Dakota State Investment Board now owns 19,364 shares of the basic materials company's stock worth $330,000 after acquiring an additional 732 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Hecla Mining by 7.5% during the third quarter. Brighton Jones LLC now owns 11,498 shares of the basic materials company's stock worth $196,000 after acquiring an additional 800 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Hecla Mining by 0.5% in the second quarter. Arizona State Retirement System now owns 185,029 shares of the basic materials company's stock valued at $2,855,000 after purchasing an additional 893 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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.

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