Hecla Mining Co To Discuss Hecla's Unique Dividend Policy, from its ongoing series - Conference Call Transcript
Hi, I'm Phil Baker, President and CEO of Hecla Mining Company. In this webcast, I want to talk about how we approach dividends. It's unique among silver miners. I need to remind you that I will make statements subject to the cautions found on this slide and those found in our 10-K, 10-Q and other public filings. Now there are 7 characteristics that Hecla has that differentiates us from other silver mining companies.
One of those characteristics is dividends. Only a few of us pay them, and Hecla is the only one that has a dividend that is specifically linked to silver. Hecla has been paying a dividend since 2011. We first started with a dividend linked to the silver price and quickly realized that we have robust enough cash flows in our company that could allow us to pay a dividend in almost any price environment. And as prices rose last year, we knew it was time to increase both the base dividend and a raise by -- which we raised by 50% and lower the trigger for the silver linked dividend. The trigger is $25. That adds $0.02 per
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