Cameco Corp. reported a $7 million Q3 profit, down from $148 million last year, but raised dividends.

Cameco Corp., a uranium mining company, reported a third-quarter profit of $7 million, significantly lower than the $148 million from the same period last year. Despite this decline, the company raised its annual dividend from 12 cents to 16 cents per share. CEO Tim Gitzel suggested a future increase to at least 24 cents per share over the next few years, subject to annual review. Quarterly revenue rose to $721 million from $575 million a year prior.

November 07, 2024
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