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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