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| Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Tuesday, September 12, 1:35 PM ET
On 9/14/23, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (NYSE:HL.PRB) will trade ex-dividend, for its quarterly dividend of $0.875, payable on 10/2/23. As a percentage of HL.PRB's recent share price of $56.20, this dividend works out to approximately 1.56%, so look for shares of HL.PRB to trade 1.56% lower — all else being equal — when HL.PRB shares open for trading on 9/14/23. On an annualized basis, the current yield is approximately 6.23%, which compares to an average yield of 5.19% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. As of last close, HL.PRB was trading at a 12.40% premium to its liquidation preference amount, versus the average premium of 37.43% in the "Metals & Mining" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 3.2154. The chart below shows the one year performance of HL.PRB shares, versus HL:
Below is a dividend history chart for HL.PRB, showing historical dividends prior to the most recent $0.875 on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (NYSE:HL.PRB) is currently trading flat on the day, while the common shares (NYSE:HL) are trading flat.
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