Cameco Co. (NYSE:CCJ) Declares Annual Dividend of $0.12

Cameco Co. (NYSE:CCJ) (TSE:CCO) declared an annual dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.118 per share by the basic materials company on Friday, December 13th. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09.

Cameco has raised its dividend by an average of 14.5% annually over the last three years. Cameco has a dividend payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cameco to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 6.8%.

Cameco Trading Down 3.4 %

CCJ opened at $58.10 on Tuesday. Cameco has a one year low of $35.43 and a one year high of $60.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50 day simple moving average of $52.01 and a two-hundred day simple moving average of $48.69. The firm has a market capitalization of $25.28 billion, a price-to-earnings ratio of 305.78 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Analysts predict that Cameco will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research reaffirmed a “buy” rating and issued a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. Finally, Scotiabank lowered their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus target price of $66.56.

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.