Cameco Stock To Go Ex-dividend Tomorrow (CCJ)

NEW YORK ( TheStreet) -- The ex-dividend date for Cameco (NYSE: CCJ) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $22.75 as of 9:30 a.m. ET, the dividend yield is 1.8%.

The average volume for Cameco has been 2.5 million shares per day over the past 30 days. Cameco has a market cap of $9.2 billion and is part of the basic materials sector and metals & mining industry. Shares are up 26.4% year to date as of the close of trading on Monday.

Cameco Corporation operates as a uranium producer, supplier of conversion services, and fuel manufacturer. The company's Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The company has a P/E ratio of 20.3, below the average metals & mining industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cameco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cameco Ratings Report.

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