checkAd

Hecla Increases Silver-Linked Dividend

Nachrichtenquelle: Business Wire (engl.)
06.05.2021, 09:35  |  339   |   |   

Hecla Mining Company (“Hecla”)(NYSE:HL) is pleased to announce that its Board of Directors has increased the silver-linked dividend by $0.01 per year.

In September 2020, Hecla lowered the minimum threshold for payment of the silver-linked portion of its quarterly dividend where if Hecla’s average realized silver price for a quarter is $25 per ounce, the silver-linked quarterly dividend policy provided an annualized two cents per share. Today, Hecla is announcing that the Board is increasing the silver-linked dividend by $0.01 per share for each $5 increase in the quarterly average realized silver price per ounce above $25 per ounce.

“Our Board’s adoption of this increase reflects its confidence in Hecla’s cashflow performance and position as the United States’ largest silver producer,” said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr. “We’ve enhanced our long-standing silver-linked portion of our dividend policy by increasing the payment by $0.01 per share. As prices rise, shareholders should get more of the Company’s cash flow which reflects continued strong operating and capital cost discipline.

“Given Hecla’s realized quarterly silver price of $25.66 satisfied the Company’s dividend criteria, I’m pleased to announce the Board has approved payment of this quarter’s dividend at this increased rate.”

The table below provides an overview of the augmented silver-linked dividend policy and the increased minimum dividends.

Quarterly
Average Realized

Silver Price

Quarterly
Silver-Linked
Dividend

Annualized
Silver-Linked
Dividend

Annualized
Minimum
Dividends

Annualized Dividends:
Silver-Linked &
Minimum Dividends

$25

$.0075

$.03

$.015

$.045

$30

$.0125

$.05

$.015

$.065

$35

$.0225

$.09

$.015

$.105

Seite 1 von 3
Hecla Mining Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



Wertpapier



0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Hecla Increases Silver-Linked Dividend Hecla Mining Company (“Hecla”)(NYSE:HL) is pleased to announce that its Board of Directors has increased the silver-linked dividend by $0.01 per year. In September 2020, Hecla lowered the minimum threshold for payment of the silver-linked portion of …

Community

Nachrichten des Autors

Titel
Titel
Titel
Titel