Shaw Boosts Dividend

(RTTNews) - Shaw Communications Inc. (SJR, SJR_B.TO) said Tuesday that its Board of Directors has increased the equivalent annual dividend rate to $1.10 on its Class B Non-Voting Participating Shares and $1.0975 on its Class A Participating Shares.

This represents an increase of 8% or $0.08 per share.

Shaw's dividends are declared and paid on a monthly basis and this increase will commence March 28.

With the increase in the dividend rates, Shaw's Board of Directors declared monthly dividends of $0.091667 on the Class B Non-Voting Participating Shares and $0.091458 on the Class A Participating Shares, payable on each of March 28, April 29 and May 29 to holders of record at the close of business on March 14, April 15 and May 15, respectively.