Shaw Declares Dividend Payable on Preferred Shares

Rhea-AI Summary

Shaw Communications Inc. has declared dividends for the three-month period ending September 30, 2020. Shareholders will receive $0.17444 per Series A Preferred Share and $0.14094 per Series B Preferred Share. These dividends are payable on September 30, 2020, to holders of record as of September 15, 2020. Both dividends are classified as "eligible" under the Income Tax Act of Canada. Shaw operates in wireline and wireless divisions, providing various connectivity services to consumers and businesses, and is listed on the Toronto Stock Exchange under symbols SJR.PR.A and SJR.PR.B.

Positive

• Dividends of $0.17444 for Series A and $0.14094 for Series B enhance shareholder returns.
• The designation of dividends as 'eligible' under the Income Tax Act may provide tax benefits for investors.

Negative

• None.

CALGARY, Alberta, July 10, 2020 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared dividends for the three-month period ended September 30, 2020 of $0.17444 per Cumulative Redeemable Rate Reset Class 2 Preferred Share, Series A (“Series A Shares”) and $0.14094 per Cumulative Redeemable Floating Rate Class 2 Preferred Share, Series B (“Series B Shares”), payable on September 30, 2020 to holders of record at the close of business on September 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 are the dividend amounts for Shaw Communications' Series A and Series B shares?

The dividend amounts are $0.17444 for Series A and $0.14094 for Series B shares.

When is the record date for Shaw Communications' dividends?

The record date for the dividends is September 15, 2020.

When will the dividends for Shaw Communications be paid?

The dividends will be paid on September 30, 2020.

Are Shaw Communications' dividends eligible for tax benefits?

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