Cameco Corporation (NYSE:CCJ) Increases Dividend to C$0.24 Per Share

Cameco Corporation (NYSE:CCJ) (TSE:CCO) announced an annual dividend on Wednesday, November 5th. Investors of record on Monday, December 1st will be paid a dividend of 0.24 per share by the basic materials company on Tuesday, December 16th. This represents a dividend yield of 25.0%. The ex-dividend date is Monday, December 1st. This is a 103.4% increase from Cameco’s previous annual dividend of $0.12.

Cameco has a dividend payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cameco to earn $1.19 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 10.1%.

Cameco Trading Down 1.6%

Shares of Cameco stock opened at $95.42 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $41.54 billion, a P/E ratio of 109.67 and a beta of 0.98. Cameco has a 12-month low of $35.00 and a 12-month high of $110.15. The company has a 50-day simple moving average of $86.21 and a 200 day simple moving average of $72.70.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.