Jay,
On Cameco, I decided the other week, after licking my wounds, that this is a stock I just have to own. David
Associated Press
Cameco Board OKs 3-For-1 Stock Split
Thursday December 9, 2:24 pm ET
Cameco Board Approves a 3-For-1 Stock Split, Raises Annual Cash Dividend by 20 Percent
NEW YORK (AP) -- Cameco Corp., the world's largest uranium producer, said Thursday that its board approved a 3-for-1 stock split of the company's outstanding common shares, and raised the annual cash dividend by 20 percent.
All shareholders will receive two additional shares for each share held by Dec. 31. The Saskatchewan-based company currently has 57.5 million shares outstanding. Cameco expects its shares to begin trading on a split basis on Jan. 7 on the New York Stock Exchange.
The annual cash dividend, which is paid quarterly, will increase from 60 cents per share to 72 cents per share, or 24 cents on a post-split basis.
Shares of Cameco were up 3.3 percent, or $2.93, at $91.70 in afternoon trading on the New York Stock Exchange. |
