Shaw Declares Dividend Payable on Preferred Shares

Rhea-AI Summary

Shaw Communications has declared quarterly dividends of $0.17444 for Series A and $0.13431 for Series B Preferred Shares, payable on December 31, 2020. Record holders must be documented by December 15, 2020 to receive these dividends. Both share series are traded on the Toronto Stock Exchange under ticker symbols SJR.PR.A and SJR.PR.B. These dividends are categorized as eligible under Canadian tax laws, ensuring potential tax benefits for shareholders.

Positive

• Declared quarterly dividends of $0.17444 for Series A and $0.13431 for Series B, demonstrating commitment to shareholder returns.
• Dividends are designated as eligible dividends under Canadian tax laws, potentially offering tax advantages to shareholders.

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• None.

CALGARY, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared dividends for the three-month period ended December 31, 2020 of $0.17444 per Cumulative Redeemable Rate Reset Class 2 Preferred Share, Series A (“Series A Shares”) and $0.13431 per Cumulative Redeemable Floating Rate Class 2 Preferred Share, Series B (“Series B Shares”), payable on December 31, 2020 to holders of record at the close of business on December 15, 2020.

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 for Shaw Communications Preferred Shares?

Shaw Communications declared dividends of $0.17444 for Series A and $0.13431 for Series B Preferred Shares.

When will the dividends for Shaw Communication's Preferred Shares be paid?

The dividends will be paid on December 31, 2020.

What is the record date to receive dividends for Shaw Communications Preferred Shares?

The record date to receive dividends is December 15, 2020.

Are the dividends from Shaw Communications eligible for tax purposes?

Yes, the dividends are designated as eligible under the Canadian Income Tax Act.