In trading on Monday, Hecla Mining Co’s $3.50 Series B Cumulative Convertible Preferred Stock (Symbol: HL.PRB) yielded over 5.5%, driven by its quarterly dividend, annualized to $3.50. Shares traded as low as $63.00, and HL.PRB was noted to be at a 27.40% premium over its liquidation preference.
On the same day, HL.PRB saw an increase of approximately 1.9%, while the common shares (Symbol: HL) dropped about 0.6%. The preferred shares have a conversion ratio of 3.2154, highlighting their convertible nature.
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