Why Hecla Mining Shares Jumped Today
U.S.-based silver and gold miner Hecla Mining (NYSE: HL) announced first-quarter 2021 results today and also increased the silver-linked portion of its dividend. Investors are signaling satisfaction with both events, as shares were trading more than 13% higher as of 11 a.m. EDT Thursday.
Hecla reported revenue of $210 million, its second-highest quarterly revenue since its founding in 1891 and an increase of 54% over the prior-year period. The company's board of directors also edged up the silver-linked segment of its dividend by $0.01 per share. Hecla currently pays a base annualized dividend of $0.015 per share but adds another component based on its average quarterly realized price of silver.
Source Fool.com
