Movers & Shakers April 1, 2010
New agents join Keller Williams Realty
Several new real estate agents have joined Keller Williams Realty in Coeur d'Alene and Sandpoint.
Chris Wilhite is a new agent to the real estate industry. He is a former teacher and financial advisor as well as a being a golf pro. He has a bachelor's degree in business management from the University of North Carolina, Wilmington.
Denise Eastman lives in the Clagstone area and came to Keller Williams after attending broker classes with a couple of Keller Williams agents. After talking to them, she said it seemed like the perfect agency for her.
"Everybody is real supportive and they have great marketing, she said. "I believe they really represent their clients to the fullest."
Will Hathaway was raised in Colorado then moved to Oklahoma in 1977. He lived in Norman, Okla., until 2000 when he moved to Post Falls. His jobs have included retail sales, management, and owning several businesses including woodworking, screen printing and trophies, horse boarding, and computer graphics. He became a licensed real estate agent in September 2009, and joined Keller Williams at that time.
"I am excited to be involved in real estate and I enjoy working with people to help them fulfill their dreams of owning a home," he said.
Hecla dividends paid today
On Feb. 19, 2010, Hecla Mining Co. (NYSE:HL) announced that its board of directors elected to declare the regular quarterly dividend on the outstanding 6.5 percent Mandatory Convertible Preferred Stock in the amount of $1.625 per share and to pay such dividend in common stock of Hecla, for a total amount of approximately $3.27 million of common stock (with cash for fractional shares).
Each holder of the 6.5 percent Mandatory Convertible Preferred Stock will receive 0.314 shares of common stock per share of Mandatory Convertible Preferred Stock. The value of the shares of common stock issued as dividends was calculated at 97 percent of the average of the closing prices of Hecla common stock over the five consecutive trading day period ending on the second trading day immediately preceding today's dividend payment date.
There will be no fractional shares issued, so a cash adjustment will be paid to each holder that would be entitled to a fraction of a share of common stock (based on a price of $5.34 per share of common stock, the average of the closing prices of Hecla common stock over the five consecutive trading day period ending on the second trading day immediately preceding the dividend payment date). There are a total of 2,012,500 shares of 6.5 percent Mandatory Convertible Preferred Stock outstanding. Hecla will capitalize retained earnings for the fair market value of the shares of common stock to be issued as dividends.
Sale of the shares of common stock received as a dividend by a holder will reduce a holder's proportionate equity in the company.
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