OTTAWA (dpa-AFX) - Canadian media and communications company Shaw Communications Inc. (SJR, SJR_B.TO) announced that its Board has increased the equivalent annual dividend rate to $0.97 on its Class B Non-Voting Participating Shares and $0.9675 on its Class A Participating Shares. This represents an increase of 5% or $0.05 per share.
Shaw's dividends are declared and paid on a monthly basis and this increase will commence March 29, 2012. Based on the January 11, 2012 closing stock price, the new dividend rate represents a yield of 4.7%.
Shaw said that its Board declared monthly dividends of $0.080833 on the Class B Non-Voting Participating Shares and $0.080625 on the Class A Participating Shares, payable on each of March 29, April 27 and May 30, 2012 to holders of record at the close of business on March 15, April 15 and May 15, 2012, respectively.
Copyright RTT News/dpa-AFX
