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Stock impact report

Cameco hikes dividend by one-third, plans bigger payouts through 2026 [Yahoo! Finance Canada]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Cameco reported third-quarter financial results on Thursday, swinging to a net loss of $3 million due to purchase accounting for its Westinghouse acquisition, and what the company calls “normal variations in sales volumes.” Saskatoon-based Cameco's revenue climbed 25 per cent year-over-year to $721 million for the three months ended Sept. 30. Adjusted earnings before interest, taxes, depreciation, and amortization increased 32 per cent on an annualized basis to $308 million. “Fundamental drivers, things like decarbonization, sustainability, energy security, and growing energy demand all remain solid and unchanged. However, on the other side of that equation, future supply continues to be uncertain,” chief executive officer Tim Gitzel said on a post-earnings conference call. “While the long-term uranium price has crept up to its highest level in over a decade, we're still not seeing significant investments in the projects needed to satisfy future demand.” Cameco announced its 2024 Show less Read more
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