Many investors will jump on the gold train late and close to the final destination, thereby, ensuring their place as the ultimate bag holders of the great secular bull. The gold shares are picking up steam in September, but few notice with so many screaming for a top. Watch dividends rise and history repeat with little media coverage and fanfare.
S&P Gold (Formerly Precious Metals Mining)*
Headline: Hecla Introduces Silver-Linked Dividend Policy
COEUR D’ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company (“Hecla”)(NYSE:HL) is very pleased to announce that its Board of Directors has adopted a common stock dividend policy that links dividend payments to Hecla’s average quarterly realized silver price in the preceding quarter.
The initial quarterly dividend under the policy is expected to be $0.03 per share of common stock ($0.12 per year), if Hecla’s average realized silver price for the third quarter is $40.00 per ounce. All dividends, including those in the third quarter, would increase or decrease by $0.01 per share ($0.04 annually) for each $5.00 per ounce incremental increase or decrease in the average realized silver price in the preceding quarter. Subject to Board approval, it is expected that the initial quarterly dividend under this policy will be declared and payable before the end of the fourth quarter and will be based on average realized silver prices during the third quarter 2011. The table below provides an overview of the new dividend policy.
Source: finance.yahoo.com
