05:18:49 EDT Fri 31 Mar 2023
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Cameco Corp
Symbol CCO
Shares Issued 398,289,260
Close 2022-02-10 C$ 28.51
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Globe/CP say Cameco boosts dividend as Q4 profit falls

2022-02-10 07:49 ET - In the News

The Globe and Mail reports in its Thursday, Feb. 10, edition that Cameco boosted its annual dividend as it announced its fourth quarter profit and revenue fell compared with a year ago. A Canadian Press dispatch to The Globe reports that the uranium miner says it will now pay an annual dividend of 12 cents a share, up from eight cents a share. The increased payment to shareholders came as Cameco reported a profit of $11-million or three cents a diluted share for the quarter ended Dec. 31. That compared with a profit of $80-million or 20 cents a diluted share a year earlier. Revenue for the quarter was $465-million, down from $550-million in the fourth quarter of 2020. On an adjusted basis, Cameco says it earned six cents a diluted share, down from an adjusted profit of 12 cents a diluted share a year earlier. In its outlook for this year, Cameco says it expects revenue of 2022 between $1.5-billion and $1.65-billion.

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