Cameco Co. Declares Quarterly Dividend of $0.10 (CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) announced a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.10 per share on Monday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, December 28th.

Shares of Cameco (TSE:CCO) traded down C$0.57 during midday trading on Friday, hitting C$11.97. The company had a trading volume of 1,810,900 shares, compared to its average volume of 1,280,000. The company has a market cap of $4,740.00, a PE ratio of -16.40 and a beta of 0.92. Cameco has a 1-year low of C$9.90 and a 1-year high of C$17.65.

CCO has been the subject of several recent research reports. Royal Bank of Canada lowered their price target on Cameco from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Friday, October 20th. Scotiabank lowered their price target on Cameco from C$9.50 to C$9.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th. Raymond James Financial lowered their price target on Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. TD Securities boosted their price target on Cameco from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets decreased their target price on Cameco from C$17.00 to C$15.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$14.14.

In related news, Director James Kitchener Gowans bought 8,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of C$12.52 per share, with a total value of C$100,160.00.

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Cameco Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

Dividend History for Cameco (TSE:CCO)

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