Movers & Shakers July 1, 2010
Agent earns associate broker designation
Barbara Yeager, an agent with Keller Williams Realty, has earned her associate broker designation with the Idaho Real Estate Commission.
Yeager was first licensed in Massachusetts and obtained broker status in 1987 where she facilitated residential sales in Boston's Waterfront and North End communities.
She has developed skills that benefit her clients by having worked in many sectors of the real estate industry, including finance, loan acquisitions, property management and development. She has now come back full circle to real estate sales, focusing on residential sales in North Idaho.
Education requirements include passing four courses in advanced real estate study for a minimum of 90 classroom hours and passing the broker licensing exam.
Rick Durbin receives Winner's Circle Award
Edward Jones financial adviser Rick Durbin of Post Falls recently received the Winner's Circle Award for his outstanding service efforts over the past year.
Durbin was one of only 619 of the firm's more than 12,000 financial advisers to receive the Winner's Circle award.
Hecla dividends paid in stock
On May 25 Hecla Mining Co. 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 0.3004 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 the dividend payment date of July 1, 2010. 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 $5.58 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.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.