Shaw Declares Dividend Payable on Preferred Shares

Rhea-AI Summary

Shaw Communications has announced dividends for the period ending June 30, 2021, amounting to $0.17444 per Series A Preferred Share and $0.12956 per Series B Preferred Share. These dividends are payable on June 30, 2021, to shareholders on record as of June 15, 2021. Both share classes are traded on the Toronto Stock Exchange under the symbols SJR.PR.A and SJR.PR.B. The dividends are classified as “eligible” under the Income Tax Act in Canada, providing potential tax benefits for shareholders.

Positive

• Declared dividends of $0.17444 per Series A Share and $0.12956 per Series B Share, providing income to shareholders.
• Dividends are eligible under the Income Tax Act, offering potential tax advantages.

Negative

• None.

CALGARY, Alberta, April 14, 2021 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared dividends for the three-month period ended June 30, 2021 of $0.17444 per Cumulative Redeemable Rate Reset Class 2 Preferred Share, Series A (“Series A Shares”) and $0.12956 per Cumulative Redeemable Floating Rate Class 2 Preferred Share, Series B (“Series B Shares”), payable on June 30, 2021 to holders of record at the close of business on June 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.

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 (SJR) announced on April 14, 2021?

The dividends announced are $0.17444 for Series A Shares and $0.12956 for Series B Shares.

When will the dividends for Shaw Communications (SJR) be paid?

The dividends will be paid on June 30, 2021.

What is the record date for receiving the dividends from Shaw Communications (SJR)?

The record date to receive the dividends is June 15, 2021.

Are the dividends from Shaw Communications (SJR) eligible for tax benefits?

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