a preferred stock from hecla mining co overview

Hecla Mining Company Series B Cumulative Convertible Preferred Stock

When evaluating a preferred security, a preferred stock from hecla mining co is a frequently cited example: the Series B cumulative convertible preferred stock (commonly quoted as HL‑PB, HL‑B or HL^B). This article explains what that security is, why Hecla issued it, key terms (par value, dividend, convertibility and call provisions), trading identifiers and practical considerations for holders and prospective buyers.

Read on to get a clear, beginner‑friendly breakdown and to learn where to verify terms (SEC filings and Hecla investor materials) and how to access trading and custody services via Bitget and Bitget Wallet.

Overview

The Series B issue is a preferred stock issued by Hecla Mining Company that sits senior to common stock in respect of dividends and liquidation. Historically referenced as a preferred security with cumulative quarterly dividends and a specified conversion feature into common shares, a preferred stock from hecla mining co represents a hybrid capital instrument offering fixed income‑like cash flows together with potential equity conversion.

Companies issue preferreds for several reasons: to raise capital with terms attractive to income investors, to avoid immediate dilution of common equity, and to structure capital with seniority in distributions compared with common shares. In Hecla’s capital structure, the Series B preferred typically ranks ahead of common stock for dividend payments and liquidation preference but behind secured creditors and debt.

As of January 15, 2026, according to Hecla’s investor relations materials and prospectus disclosures, the Series B cumulative convertible preferred carried a stated liquidation preference of $50 per share and a quarterly dividend of $0.875 per share (annualized $3.50). These core numeric terms help define valuation and yield calculations for the security.

Key characteristics

Par value and liquidation preference

The Series B preferred historically carries a par (stated) value and liquidation preference of $50 per share. That means if Hecla were liquidated and sufficient assets were available, holders of the Series B preferred would be entitled to receive $50 per share before distributions to common shareholders (subject to higher‑priority claims). The $50 preference is a fixed contractual amount established at issuance and forms the baseline for recovery analysis in distress scenarios.

Dividend rate and schedule

The Series B carries a stated quarterly dividend of $0.875 per share, which annualizes to $3.50, representing the cash payment entitlement per share while the dividend is outstanding.

• Dividends are cumulative: unpaid dividends accrue and must be paid before any common dividends can be resumed.
• Payments are typically scheduled quarterly. Historical payment dates for Hecla preferred dividends have fallen around Jan 1, Apr 1, Jul 1 and Oct 1, though exact record and payment dates can vary and should be confirmed via Hecla’s dividend notices.
• Declaration remains at the discretion of Hecla’s board: although the dividend is contractually cumulative, the board must formally declare dividends; failure to declare may give rise to accrued unpaid amounts that remain cumulative rather than immediately payable until redemption or conversion events occur.

These dividend mechanics are crucial when calculating current yield (annual dividend divided by market price) and for assessing the appeal of a preferred relative to other income instruments.

Convertibility

The Series B is convertible into Hecla common shares under specified mechanics set forth in the original prospectus and subsequent amendments. Historically the conversion has been specified by a fixed conversion ratio and an equivalent conversion price. Representative historical parameters have included:

• Conversion ratio: approximately 3.2154 common shares per preferred share.
• Implied conversion price: approximately $15.55 per common share (derived from $50 par divided by 3.2154).

Convertibility mechanics typically allow holders to convert preferred shares into common shares subject to timing windows, notice requirements and anti‑dilution adjustments (e.g., for stock splits, combinations, distributions and certain corporate actions). Anti‑dilution provisions protect the conversion ratio if Hecla issues additional common shares or undertakes corporate actions that would otherwise alter the effective conversion economics.

Note: conversion features change only as contractually specified in Hecla’s registration and prospectus materials; investors should verify the current conversion ratio and any adjustment mechanics in the latest SEC filings.

Call / redemption terms

Many perpetual preferreds are callable by the issuer after an initial non‑call period. Historically, Hecla’s Series B preferred has been redeemable at Hecla’s option after a specific call date, with a defined schedule of redemption prices (often at or above par for the first call right and then at par thereafter). Key points:

• Perpetual structure: the Series B typically has no stated maturity and is treated as perpetual unless and until redeemed by Hecla or converted by the holder under conversion provisions.
• Issuer callability: Hecla may have the right to redeem the preferred at its option beginning on or after set dates described in the prospectus; redemption prices often step down to par over time according to contract terms.
• Call risk: if prevailing interest rates fall or corporate financing needs change, Hecla may choose to redeem the preferred, limiting upside for income investors.

Investors should check the prospectus supplement and recent 8‑K filings for the exact call date, call price schedule and any special conditions or limitations.

Voting, ranking and other rights

Preferred shareholders generally have limited voting rights compared with common shareholders, and the Series B follows this convention: voting rights are typically restricted, except in specific circumstances (for example, if dividends are in arrears for a certain number of periods, preferred holders may obtain limited voting rights until arrears are cured).

Ranking and rights summary:

• Seniority: Series B preferred ranks senior to common stock for dividends and liquidation preference.
• Voting: limited or special‑circumstance voting rights; not part of routine corporate governance voting unless specified triggers occur.
• Preemptive rights: generally absent for preferred securities unless expressly stated.

Review the prospectus for the full list of rights, protective provisions and any limitations on preferred shareholder remedies.

Listing and market identifiers

The Series B preferred is listed for trading and is commonly referenced using multiple ticker variants. Quotation symbols seen across data providers and broker platforms include HL‑PB, HL‑B, HL^B and HL.PRB. These tickers point to the Series B cumulative convertible preferred issued by Hecla Mining Company and are the primary market identifiers used by traders and research platforms.

The security trades on a regulated exchange; always verify trading hours and quote conventions with your broker or platform. For traders and holders who prefer integrated custody and execution, Bitget provides market access, quote data and custody options; Bitget Wallet is a recommended custody option for investors who value custody security alongside exchange accessibility.

Historical issuance and corporate actions

Hecla issued preferred securities in multiple series over time to support its capital requirements and to offer investors varying coupon and conversion structures. The Series B was created under a registration of preferred shares and associated prospectus, with issuance details, underwriting arrangements and intended uses of proceeds disclosed in the registration statement.

Other notable series and corporate actions in Hecla’s history include earlier convertible preferred offerings and periodic amendments to conversion mechanics tied to corporate reorganizations, stock splits and equity issuances. When assessing a preferred security, consider any prior corporate actions that may have adjusted conversion ratios, changed dividend policy or affected ranking within the capital structure.

For precise issuance dates, underwriting terms and amendment history, consult Hecla’s registration statements and prospectus supplements filed with the SEC.

Dividends and payment practice

Dividend mechanics are central to preferred valuation and investor expectations. For the Series B a preferred stock from hecla mining co, the dividend practice has historically followed these conventions:

• Regular quarterly dividend amount of $0.875 per share (annualized $3.50).
• Payment dates commonly around Jan 1, Apr 1, Jul 1 and Oct 1; record and payment dates are confirmed in each declaration notice.
• Cumulative status: unpaid dividends accrue and must be paid prior to common dividends being resumed.

Dividend declaration depends on the board’s assessment of Hecla’s cash position, operating results and covenants. Significant operational changes, capital expenditures, or covenant limitations under credit agreements may affect the board’s capacity or decision to declare dividends. The cumulative nature protects preferred shareholders by preserving unpaid amounts as accrued claims, but practical recovery depends on the company’s liquidity and capital priorities.

Trading, price behavior and yield

Preferreds frequently trade at prices that diverge from par/liquidation preference due to interest rate moves, credit perception changes, liquidity and supply/demand dynamics. Key trading considerations for a preferred stock from hecla mining co include:

• Price vs. par: the market price may trade above par (premium) or below par (discount) depending on perceived credit strength, interest rate environment and call expectations.
• Yield calculation: the current yield on preferreds is typically the annual dividend ($3.50) divided by the prevailing market price. For example, if the preferred trades at $40, the current yield would be 3.50/40 = 8.75% (illustrative).
• Total return profile: income from dividends plus potential capital appreciation from conversion into common shares or price convergence to par on redemption.
• Liquidity: preferred securities often trade with lower average daily volume than common shares; liquidity can be limited and bid‑ask spreads wider, affecting execution.

Typical investors in preferreds include income‑oriented retail investors, institutional fixed‑income desks seeking floating exposure to equity credit, and funds that specialize in preferreds and convertible securities.

Tax treatment

Tax treatment of preferred dividends depends on the holder’s tax status and jurisdiction. General considerations include:

• Individuals: some preferred dividends may qualify as qualified dividend income subject to favorable tax rates if holding‑period requirements and other criteria are met; however, many corporate‑style preferreds do not produce qualified dividend treatment and are taxed as ordinary income.
• Corporations: corporate holders may be eligible for a dividends‑received deduction for certain dividend income, subject to ownership thresholds and holding periods.
• Conversion implications: converting preferred into common generally is a non‑taxable exchange only in certain structured transactions; tax consequences can vary and holders should consult a tax advisor to understand specific implications.

Tax rules are complex and change over time; this section is informational and not tax advice. Always consult a qualified tax professional for guidance specific to your circumstances.

Risks and investor considerations

A preferred stock from hecla mining co carries a distinct set of risks that investors should evaluate:

• Interest rate risk: fixed dividend payments decline in attractiveness when market interest rates rise, pressuring market prices.
• Credit / issuer risk: preferreds are subject to Hecla’s creditworthiness; deterioration in operational performance or balance sheet strength can increase default and loss risk.
• Call risk: Hecla may redeem the preferred when it is advantageous to the issuer (for example, if rates drop), capping upside for holders.
• Conversion / dilution risk: conversion into common shares involves dilution to common holders; common shareholders face dilution risk if many preferreds convert, and preferred holders face dilution features that can affect conversion economics.
• Liquidity risk: trading volumes for preferreds may be light, leading to wide spreads and execution slippage.
• Market risk: trading price volatility driven by commodity cycles, company news, macro conditions and sector sentiment.

Suitability: preferreds are typically better suited to income‑oriented investors who accept limited liquidity and prefer a fixed dividend stream with seniority over common equity. They are less appropriate for investors seeking high growth or immediate voting influence in corporate governance.

Regulatory filings and disclosures

Official and authoritative information on the Series B preferred is found in Hecla’s public filings and investor materials:

• Prospectus and registration statements describing the terms of issuance and conversion mechanics.
• Forms 8‑K for material corporate actions, dividend declarations and amendments to terms.
• Forms 10‑K and 10‑Q for financial statements, liquidity discussion and risk factors.

As of January 15, 2026, according to Hecla’s filings available through public disclosure channels, the primary terms described in this article remain the contractually specified baseline for the Series B preferred. Investors should consult the latest prospectus supplement and recent 8‑K filings for any amendments or new corporate actions.

Transfer agent, recordkeeping and dividend administration

Hecla uses a designated transfer agent to administer share ownership records, dividend distributions and proxy mailings for its securities. Transfer agents commonly used by US‑listed companies include established providers that handle dividend payments, change of ownership processing and shareholder inquiries.

If you hold a preferred security in street name through a broker or custody provider, dividend payments are typically passed through by the broker. For direct‑registered holders, dividend checks or direct deposits follow the transfer agent’s procedures.

To confirm the current transfer agent and contact details, consult Hecla’s investor relations materials and the most recent prospectus.

Holders and institutional ownership

Institutional investors with mandates for income‑generating securities — such as preferred‑focused funds, pension funds and certain insurance portfolios — often participate in listed preferred offerings. Holdings and major institutional owners of any specific Hecla series can change over time and are reported in institutional holding disclosures filed periodically.

ETFs or closed‑end funds that focus on preferred securities may include Hecla’s preferreds if they meet allocation and liquidity criteria. To find the largest disclosed holders of the Series B preferred, review the company’s transferee lists and 13F filings (for institutional holdings) where applicable.

Notable events and recent developments

As of January 15, 2026, according to Hecla’s public disclosures, no extraordinary corporate actions have restructured the Series B’s essential terms beyond routine dividend declarations, potential conversions initiated by holders and standard 8‑K notices. Investors should watch ongoing filings for changes such as:

• Dividend declarations or suspensions announced on Form 8‑K.
• Redemption or call notices by the issuer.
• Prospectus supplements amending conversion ratios or anti‑dilution provisions.

Always consult the timeline of SEC filings for the most current event history.

See also

• Hecla Mining Company (common stock: HL)
• Preferred stock (general) and convertible preferred stock
• NYSE listing conventions and preferreds trading

References

• Hecla Mining Company — investor relations and prospectus disclosures (official filings).
• SEC filings (registration statements, prospectus supplements, Forms 8‑K, 10‑K and 10‑Q) — primary source of contractual terms.
• Preferred securities data sources and quote platforms for ticker identifiers and historical prices.

(Reporting note: As of January 15, 2026, according to Hecla’s investor relations and recent SEC disclosures, the Series B preferred maintained a $50 liquidation preference and a quarterly dividend of $0.875 per share; confirm in the primary filings for any updates.)

External links

• Hecla investor relations (search Hecla’s official site for investor materials and contact information).
• SEC EDGAR — search registration statements and prospectus supplements by company name or CIK.

Further reading and verification via official company materials and SEC filings is recommended before making custody or trading decisions. For streamlined access to market data and custody with an integrated experience, consider Bitget’s trading and custody services and Bitget Wallet for secure holdings.

Note on terminology frequency: this article intentionally references a preferred stock from hecla mining co throughout the analysis to aid clarity and search relevance. If you want a data snapshot (market cap, recent average daily volume or specific institutional holders) for a particular date, request a live quote or the precise filing date and we will summarize up‑to‑date, verifiable figures from the latest filings.

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