Notes to Consolidated Financial Statements

For the years ended December 31, 2014 and 2013

18. Share capital

Authorized share capital:

  • Unlimited number of first preferred shares
  • Unlimited number of second preferred shares
  • Unlimited number of voting common shares, no stated par value, and
  • One Class B share
  • A. Common shares

Number issued (number of shares) 2015 2014
Beginning of year 395,792,522 395,477,230
Issued:    
Stock option plan [note 25] 315,292
Total 395,792,522 395,792,522

All issued shares are fully paid.

  • B. Class B share

One Class B share issued during 1988 and assigned $1 of share capital entitles the shareholder to vote separately as a class in respect of any proposal to locate the head office of Cameco to a place not in the province of Saskatchewan.

  • C. Dividends

Dividends on Cameco Corporation common shares are declared in Canadian dollars. For the year ended December 31, 2015, the dividend declared per share was $0.40 (December 31, 2014 – $0.40).