In trading on Monday, shares of Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $3.50), with shares changing hands as low as $53.50 on the day. This compares to an average yield of 6.06% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. As of last close, HL.PRB was trading at a 12.00% premium to its liquidation preference amount, versus the average discount of 12.12% in the "Metals & Mining" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 3.2154.
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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 dividend payments on Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock:
In Monday trading, Hecla Mining Co's $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) is currently trading flat on the day, while the common shares (Symbol: HL) are down about 5%.
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