Hecla Mining (NYSE:HL) Declares Quarterly Dividend

Hecla Mining Company (NYSE:HL) announced their Board of Directors has declared a regular quarterly dividend for their Series B Cumulative Convertible Preferred Stock.

For each share of those shares, the owner will receive $0.875, equivalent to about $138,000.

Shareholders of record as of June 15, 2010 will be paid on July 1, 2010.

Total shares outstanding of Preferred B Stock is 157,816.

Also declared was the regularly quarterly dividend on the outstanding 6.5 percent Mandatory Convertible Preferred Stock. That amount will be $1.625 a share, which the dividend will be paid in common stock of Hecla. That comes to about $3.27 million, in addition to cash for fractional shares.

Hecla has a 52-week range of $2.26 - $7.47 a share, and recently plunged, as did most mining stocks, with the correction in gold and metals emerging last week.