Hecla Mining (NYSE:HL) Plans Quarterly Dividend of $0.01

Hecla Mining (NYSE:HL) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, May 24th will be given a dividend of 0.006 per share by the basic materials company on Tuesday, June 11th. This represents a $0.02 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, May 23rd.

Hecla Mining has increased its dividend payment by an average of 15.4% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hecla Mining has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hecla Mining to earn $0.08 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 37.5%.

Hecla Mining Stock Performance

HL opened at $6.19 on Wednesday. The stock has a fifty day moving average of $5.06 and a 200-day moving average of $4.54. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HL shares. National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Roth Mkm increased their price objective on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. HC Wainwright reaffirmed a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, May 9th. StockNews.com upgraded Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. Finally, Cantor Fitzgerald raised Hecla Mining to a “strong-buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.89.

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.