Shaw Declares Monthly Dividends

Rhea-AI Summary

Shaw Communications Inc. announced monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share. These dividends will be payable on September 29, 2020, October 29, 2020, and November 27, 2020, to holders of record as of the close of business on September 15, 2020, October 15, 2020, and November 13, 2020, respectively. The dividends are characterized as “eligible” for tax purposes under the Income Tax Act (Canada).

Positive

• Monthly dividends declared indicate consistent income for shareholders.
• Dividends are eligible for favorable tax treatment in Canada.

Negative

• None.

CALGARY, Alberta, July 10, 2020 (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 September 29, 2020, October 29, 2020 and November 27, 2020 to holders of record at the close of business on September 15, 2020, October 15, 2020 and November 13, 2020, 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.

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 SJR in 2020?

Shaw Communications declared monthly dividends of $0.09875 for Class B and $0.098542 for Class A shares.

When are the dividend payments scheduled for SJR?

Dividends are payable on September 29, October 29, and November 27, 2020.

What are the record dates for the upcoming dividends for SJR?

The record dates are September 15, October 15, and November 13, 2020.

Are the dividends from SJR eligible for tax credits?

Yes, the dividends are designated as “eligible” dividends for tax purposes under the Income Tax Act (Canada).

How frequently does SJR review its dividend rates?

Shaw's Board of Directors reviews the applicable dividend rates on a quarterly basis.