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

Rhea-AI Summary

Shaw Communications has announced a dividend rate of 2.109% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B for the period from December 31, 2020 to March 31, 2021. This floating quarterly dividend will reset each quarter, providing registered shareholders with ongoing opportunities for income. Shaw is traded on the Toronto Stock Exchange under the symbol SJR.PR.B and continues to be a significant player in Canadian connectivity, servicing both consumer and business segments with various technology solutions.

Positive

• Dividend rate set at 2.109% offers income for shareholders.
• Floating dividend resets quarterly, providing potential for increased payouts.
• Strong presence in Canadian connectivity market enhances company stability.

Negative

• None.

CALGARY, Alberta, Dec. 01, 2020 (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 2.109% for the Quarterly Floating Rate Period from and including December 31, 2020 to, but excluding, March 31, 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 rate for Shaw's Series B Preferred Shares?

The dividend rate for Shaw's Series B Preferred Shares is set at 2.109% for the period from December 31, 2020, to March 31, 2021.

When will the next dividend be paid for Shaw's Series B Shares?

The next dividend will be reset quarterly after March 31, 2021.

Where can I find more information about Shaw Communications?

More information about Shaw Communications can be found on their website at www.shaw.ca.

What is the ticker symbol for Shaw's Series B Preferred Shares?

The ticker symbol for Shaw's Series B Preferred Shares is SJR.PR.B.