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

Hecla Mining (NYSE:HL) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.0038 per share by the basic materials company on Monday, March 24th. This represents a $0.02 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, March 10th.

Hecla Mining has raised its dividend payment by an average of 2.2% annually over the last three years. Hecla Mining has a dividend payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hecla Mining to earn $0.18 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 33.3%.

Hecla Mining Stock Performance

HL stock opened at $5.43 on Friday. Hecla Mining has a 1-year low of $3.40 and a 1-year high of $7.68. The firm has a fifty day moving average price of $5.44 and a two-hundred day moving average price of $5.85. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. As a group, analysts anticipate that Hecla Mining will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HL has been the topic of several analyst reports. TD Securities dropped their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. HC Wainwright reaffirmed a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a report on Friday. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.25.

Hecla Mining Company Profile

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.