Cameco boosts dividend 43% on uranium outlook

Vancouver Sun reports Cameco Corp. (TSX:CCO,NYSE:CCJ)  boosts its dividend 43%  and is positive with the long-term uranium sector.

The story is quoted as saying:

The Saskatoon, Saskatchewan-based uranium producer will increase its annual dividend to 40 cents a share, from 28 Canadian cents starting in 2011. The dividend will be paid quarterly, starting with the first quarter of 2011.

The company has boosted its dividend seven times in the last nine years.

Cameco Corp.’s CEO and President, Jerry Grandey says:

“The substantial increase in our annual dividend demonstrates our confidence in our business and in the long-term fundamentals of the uranium market.”

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