Hecla to pay overdue preferred dividends

New York, May 6 - Hecla Mining Co. said its board of directors has decided to pay the $2.3 million of overdue dividends on its series B cumulative convertible preferred stock.

The arrears will be paid on July 1 to holders of record as of June 16. The regular quarterly dividend of $0.875 per share will also be paid on that date.

The Coeur D'Alene, Ida., silver and gold mining company currently has 157,816 shares of the convertible preferreds outstanding.

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