SJR - SJR STOCK NEWS

Shaw Communications has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share. These dividends are payable on December 30, 2020, January 28, 2021, and February 25, 2021, to shareholders on record as of December 15, January 15, and February 15, respectively. The dividends are eligible under the Canadian Income Tax Act. Shaw, a leading Canadian connectivity company, operates in wireline and wireless services and is listed on both Toronto and New York stock exchanges (SJR).

Shaw Communications reported its fiscal 2020 results, noting a 1.3% year-over-year revenue increase to $5.41 billion and 11% adjusted EBITDA growth to $2.39 billion. The launch of Shaw Mobile contributed significantly, yielding 60,000 net wireless additions in Q4 and 17.4% growth in wireless service revenue to $815 million. The company forecasts $1 billion capital investment and $800 million free cash flow for fiscal 2021, renewing its share buyback program for up to 5% of Class B shares. Net income fell 6.1% year-over-year to $688 million.

On October 30, 2020, Shaw Communications announced the nomination of Steve White as a director, set to join the Board post the January 13, 2021 Annual General Meeting. White, previously President of Comcast West Division, has over 30 years of experience in the telecommunications industry, leading a team of 28,000 and generating approximately US$18 billion in revenue. His expertise in operations, technology, and management is expected to enhance Shaw's strategic direction. Shaw is listed on both the Toronto and New York stock exchanges under the symbol SJR.

Shaw Communications has launched SmartTarget, a digital marketing solution for business customers. Integrated with Shaw's SmartWiFi, it offers insights into customer demographics and behavior, enabling targeted marketing strategies. As businesses face challenges post-COVID-19, SmartTarget aims to enhance customer engagement and loyalty.

Available for existing Shaw SmartWiFi customers starting at $10/month for the first three months, it is designed to be user-friendly and adaptable for businesses of all sizes.

Shaw Communications Inc. announced a dividend rate of 2.149% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (SJR.PR.B). This rate applies to the quarterly period from September 30, 2020 to December 31, 2020, with resets occurring quarterly. Shaw is a prominent Canadian connectivity company providing various services, including broadband, video, and wireless communications. The shares are traded on the Toronto Stock Exchange and are part of the S&P/TSX 60 Index.

Shaw Communications has launched its Fibre+ Gig internet service across Alberta, becoming the first provider to offer gigabit speeds to all residential customers in the province. This expansion follows over $11 billion in investments over seven years, enhancing connectivity for more than 100 municipalities and First Nations. The service aims to meet increased demand for reliable internet, especially during the pandemic, which has seen a 160% rise in network traffic due to videoconferencing. Shaw's advancements solidify its position as a leader in Western Canada's internet market.

Shaw Communications has launched Smart Remote Office, a teleworking solution designed to enhance remote work for its business customers in Western Canada. This service offers secure connectivity and access to internal applications, essential for efficient remote operations. Starting at $33/month, it features a firewall for data security, VPN functionality for encrypted access, traffic prioritization, and remote troubleshooting capabilities. A combined service with dedicated internet is also available for $94/month. This initiative addresses the growing need for secure remote working solutions due to the pandemic.

Shaw Communications expresses profound sorrow over the passing of JC Sparkman, a revered industry leader and board member since 1994. Sparkman played a pivotal role in the cable television sector, dedicating over 50 years to the industry, and was instrumental in Tele-Communications Inc.'s growth. He co-founded Broadband Services, Inc. and served as chair and co-CEO. Sparkman, aged 87, passed on July 16, 2020. Shaw Communications, a leading Canadian connectivity provider, offers various wireline and wireless services and is listed on both the Toronto and New York stock exchanges under the symbol 'SJR.'

Shaw Communications Inc. announced monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share. These dividends will be payable on September 29, 2020, October 29, 2020, and November 27, 2020, to holders of record as of the close of business on September 15, 2020, October 15, 2020, and November 13, 2020, respectively. The dividends are characterized as “eligible” for tax purposes under the Income Tax Act (Canada).