Cameco Corporation (CCJ) To Go Ex-Dividend on December 1st

Cameco Corporation (NYSE:CCJ) (TSE:CCO) announced an annual dividend on Wednesday, November 5th. Shareholders 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% meaning 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 Stock Performance

Shares of Cameco stock opened at $90.25 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $86.44 and its 200-day moving average price is $72.82. The firm has a market cap of $39.30 billion, a P/E ratio of 103.74 and a beta of 0.98. Cameco has a 12 month low of $35.00 and a 12 month high of $110.15.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC purchased a new stake in Cameco during the 1st quarter worth approximately $2,131,000. TD Asset Management Inc increased its position in shares of Cameco by 3.7% during the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after purchasing an additional 77,081 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Cameco by 50.0% during the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock worth $1,750,000 after purchasing an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Cameco by 41.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock valued at $1,663,000 after purchasing an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in Cameco by 74.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock valued at $2,017,000 after purchasing an additional 20,947 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.