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 29, and May 28, 2021 to shareholders of record on March 15, April 15, and May 14, 2021, respectively. The dividends are eligible under the Income Tax Act of Canada. Shaw’s Board reviews dividend rates quarterly, ensuring shareholders are informed of their rights to dividends.

Positive

• Monthly dividends of $0.09875 for Class B and $0.098542 for Class A shares increase shareholder income.
• Dividends are designated as 'eligible' under the Income Tax Act, potentially benefiting shareholders.

Negative

• None.

CALGARY, Alberta, Jan. 13, 2021 (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, 2021, April 29, 2021 and May 28, 2021 to holders of record at the close of business on March 15, 2021, April 15, 2021 and May 14, 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 are the upcoming dividend payment dates for Shaw Communications in 2021?

The upcoming dividend payment dates for Shaw Communications are March 30, April 29, and May 28, 2021.

How much is the dividend declared by Shaw Communications?

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

Who is eligible to receive the dividends from Shaw Communications?

Shareholders must be on record by the close of business on March 15, April 15, and May 14, 2021, to receive the dividends.

Are Shaw Communications's dividends eligible for tax benefits?

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