Shaw Declares Dividend Payable on Preferred Shares

Rhea-AI Summary

Shaw Communications Inc. has declared dividends for the three-month period ending March 31, 2021. The dividends are set at $0.17444 for the Class 2 Preferred Share, Series A and $0.13181 for Series B shares. Payment is scheduled for March 31, 2021, with a record date of March 15, 2021. Both series of shares are listed on the Toronto Stock Exchange under the symbols SJR.PR.A and SJR.PR.B. The dividends qualify as “eligible” under the Income Tax Act (Canada).

Positive

• Dividends of $0.17444 and $0.13181 per share for Series A and Series B, respectively, provide income to shareholders.
• Payment of dividends demonstrates Shaw's commitment to returning value to investors.

Negative

• None.

CALGARY, Alberta, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared dividends for the three-month period ended March 31, 2021 of $0.17444 per Cumulative Redeemable Rate Reset Class 2 Preferred Share, Series A (“Series A Shares”) and $0.13181 per Cumulative Redeemable Floating Rate Class 2 Preferred Share, Series B (“Series B Shares”), payable on March 31, 2021 to holders of record at the close of business on March 15, 2021.

The Series A Shares and Series B Shares are listed on the Toronto Stock Exchange under the respective ticker symbols SJR.PR.A and SJR.PR.B.

The foregoing dividends are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

Shareholders will not be entitled to receive this dividend unless they are holders of record on the record date. There is no entitlement to any dividend prior to such date.

About Shaw Communications Inc.

Shaw Communications Inc. is a leading Canadian connectivity company. The Wireline division consists of Consumer and Business services. Consumer serves residential customers with broadband Internet, Shaw Go WiFi, video and digital phone. Business provides business customers with Internet, data, WiFi, digital phone, and video services. The Wireless division provides wireless voice and LTE data services through an expanding and improving mobile wireless network infrastructure.

Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX – SJR.B, SJR.PR.A, SJR.PR.B, NYSE – SJR, and TSXV – SJR.A). For more information, please visit www.shaw.ca.

For further information, please contact:
Shaw Investor Relations investor.relations@sjrb.ca

FAQ

What is the dividend amount declared by Shaw on January 13, 2021?

Shaw declared dividends of $0.17444 for Series A shares and $0.13181 for Series B shares.

When is the dividend payment date for Shaw's preferred shares?

The dividend payment date is set for March 31, 2021.

What is the record date for receiving dividends from Shaw?

The record date to receive dividends is March 15, 2021.

Are Shaw's dividends considered eligible dividends?

Yes, the declared dividends are designated as eligible under the Income Tax Act (Canada).

Under which ticker symbols are Shaw's preferred shares listed?

Shaw's Series A and Series B preferred shares are listed as SJR.PR.A and SJR.PR.B on the Toronto Stock Exchange.