Shaw Provides Dividend Rate Notice for Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B

Rhea-AI Summary

Shaw Communications announced a floating quarterly dividend rate of 2.073% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B, applicable from March 31, 2021 to June 30, 2021. This dividend will reset quarterly, providing shareholders with a consistent income stream. The Series B Shares are publicly traded on the Toronto Stock Exchange under the ticker SJR.PR.B.

Positive

• Dividend rate set at 2.073%, providing income for investors.
• Quarterly reset of dividend rate shows potential for increased returns.

Negative

• None.

CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that it has given the registered shareholders of its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (the “Series B Shares”) notice of dividend rates.

The Floating Quarterly Dividend Rate for the Series B Shares was set at 2.073% for the Quarterly Floating Rate Period from and including March 31, 2021 to, but excluding, June 30, 2021. The Floating Quarterly Dividend Rate will be reset every quarter.

The Series B Shares are listed on the Toronto Stock Exchange under the ticker symbol SJR.PR.B.

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 SJR.PR.B?

The dividend amount for SJR.PR.B is set at 2.073% for the quarterly period from March 31, 2021 to June 30, 2021.

How often are dividends paid for SJR.PR.B?

Dividends for SJR.PR.B are paid quarterly and will be reset every quarter.

When is the next dividend payment date for SJR.PR.B?

The next dividend payment date for SJR.PR.B will be after June 30, 2021, following the quarterly reset.

What is the significance of the dividend for SJR.PR.B investors?

The dividend provides a consistent income stream and potential for increased returns with quarterly resets.