Shaw Declares Monthly Dividends

Rhea-AI Summary

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 March 30, April 28, and May 30, 2022. Shareholders must hold shares by the record dates: March 15, April 14, and May 13, 2022. The dividends are designated as eligible under the Income Tax Act (Canada). Shaw's Board reviews dividend rates quarterly and notes that if the arrangement with Rogers Communications is effective before the record dates, further dividends may not be distributed.

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CALGARY, Alberta, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on each of March 30, 2022, April 28, 2022 and May 30, 2022 to holders of record at the close of business on March 15, 2022, April 14, 2022 and May 13, 2022, respectively.

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

Shaw’s Board of Directors reviews the applicable dividend rates on a quarterly basis. Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date. There is no entitlement to any dividend prior to such date.

If the Effective Date of the Arrangement (each as defined in the Arrangement Agreement dated March 13, 2021, between Shaw and Rogers Communications Inc.) occurs prior to any of the record dates set forth above, no further dividends will be paid on the Class B Non-Voting Participating Shares and the Class A Participating Shares.

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, 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 in 2022?

Shaw Communications declared monthly dividends of $0.09875 for Class B Non-Voting Participating Shares and $0.098542 for Class A Participating Shares.

When will the dividends be paid for Shaw Communications shares?

Dividends will be paid on March 30, April 28, and May 30, 2022.

What are the record dates for Shaw Communications dividends?

The record dates are March 15, April 14, and May 13, 2022.

Are Shaw Communications dividends eligible for tax benefits?

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

What happens if the arrangement with Rogers Communications is effective before the record dates?

If the arrangement is effective before the record dates, no further dividends will be paid on the Class B and Class A shares.