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

Rhea-AI Summary

Shaw Communications Inc. announced a dividend rate of 2.149% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (SJR.PR.B). This rate applies to the quarterly period from September 30, 2020 to December 31, 2020, with resets occurring quarterly. Shaw is a prominent Canadian connectivity company providing various services, including broadband, video, and wireless communications. The shares are traded on the Toronto Stock Exchange and are part of the S&P/TSX 60 Index.

Positive

• Dividend rate of 2.149% reflects a commitment to returning income to shareholders.
• Quarterly resets of the dividend rate may provide potential for higher returns.

Negative

• None.

CALGARY, Alberta, Aug. 31, 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 2.149% for the Quarterly Floating Rate Period from and including September 30, 2020 to, but excluding, December 31, 2020. 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 current dividend rate for SJR.PR.B?

The current dividend rate for SJR.PR.B is 2.149% for the period from September 30, 2020, to December 31, 2020.

When will the dividend for SJR.PR.B be paid?

The dividend payment date has not been specified in the press release, but it is typically aligned with the quarterly reset.

How often does Shaw Communications pay dividends on its preferred shares?

Shaw Communications pays dividends on its preferred shares quarterly.

What is the ticker symbol for Shaw Communications' preferred shares?

The ticker symbol for Shaw Communications' Series B preferred shares is SJR.PR.B.