Shaw Declares Monthly Dividends

Rhea-AI Summary

Shaw Communications Inc. 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 September 29, October 28, and November 29, 2021 to shareholders on record as of September 15, October 15, and November 15, 2021, respectively. The dividends are categorized as 'eligible' for tax purposes under the Income Tax Act (Canada). Shaw regularly reviews its dividend rates quarterly.

Positive

• Monthly dividends declared assist in providing regular income for shareholders.
• Dividends categorized as 'eligible' for tax purposes may enhance attractiveness for Canadian investors.

Negative

• None.

CALGARY, Alberta, June 30, 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 September 29, 2021, October 28, 2021 and November 29, 2021 to holders of record at the close of business on September 15, 2021, October 15, 2021 and November 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.

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 (SJR)?

Shaw Communications has declared a monthly dividend of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share.

When will the dividends be paid for Shaw Communications (SJR)?

The dividends will be paid on September 29, October 28, and November 29, 2021.

What are the record dates for Shaw Communications (SJR) dividends?

The record dates are September 15, October 15, and November 15, 2021.

Are Shaw Communications (SJR) dividends considered eligible for tax purposes?

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

How often does Shaw Communications (SJR) review its dividend rates?

Shaw reviews its dividend rates on a quarterly basis.