Can Cameco Corp.'s Dividend Even Survive?

In early November 2017, management at Cameco Corp (NYSE: CCJ)announced the widely expected decisionto slash the annual dividend paid to shareholders from about $0.31 per share to about $0.06 per share. It was yet another move by the uranium miner to preserve cash and weather out the storm, and was announced simultaneously with the decision to temporarily suspend operations at two of its largest mines.

About 84% of the workers at those locations were laid off, although the mines are expected to come back on line after 10 months.