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 December 30, 2020, January 28, 2021, and February 25, 2021, to shareholders on record as of December 15, January 15, and February 15, respectively. The dividends are eligible under the Canadian Income Tax Act. Shaw, a leading Canadian connectivity company, operates in wireline and wireless services and is listed on both Toronto and New York stock exchanges (SJR).

Positive

• Monthly dividends of $0.09875 for Class B shares and $0.098542 for Class A shares demonstrate ongoing shareholder returns.
• Dividends designated as eligible under the Income Tax Act enhance attractiveness for investors.

Negative

• None.

CALGARY, Alberta, Oct. 30, 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 December 30, 2020, January 28, 2021 and February 25, 2021 to holders of record at the close of business on December 15, 2020, January 15, 2021 and February 15, 2021, 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 is the dividend amount for Shaw Communications stock SJR?

Shaw Communications has declared a monthly dividend of $0.09875 for Class B shares and $0.098542 for Class A shares.

When is the next dividend payment for SJR shares?

The next dividend payments are scheduled for December 30, 2020, January 28, 2021, and February 25, 2021.

What are the record dates for Shaw's dividend payments?

The record dates for the upcoming dividends are December 15, 2020, January 15, 2021, and February 15, 2021.

Are Shaw Communications dividends considered eligible under the Income Tax Act?

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

How often does Shaw Communications declare dividends?

Shaw's Board of Directors reviews dividend rates quarterly.