CALGARY, ALBERTA--(Marketwire - Jan. 13, 2011) - Shaw Communications Inc. ("Shaw") (TSX:SJR.B) (NYSE:SJR) announced today that its Board of Directors has increased the equivalent annual dividend rate to $0.92 on Shaw's Class B Non-Voting Participating Shares and $0.9175 on Shaw's Class A Participating Shares. This represents an increase of 5% or $0.04 per share. Shaw's dividends are declared and paid on a monthly basis and this increase will commence March 30, 2011.
After a cold, miserable day it's nice to come home to some great news. After great debate whether Shaw would have the capital to increase their dividend after the purchase of Canwest AND their attempt to enter into the cell phone market, Shaw came shining through to patient investors. I am a Shaw Customer and subscribe to all three services of TV, Internet and Telephone.
I purchased SJR.B last year at $20.04 per share and my yield has increased from 4.39% to 4.57%. Not a huge leap, but a 5% dividend increase is healthy sign Shaw is on the ball and it's dividend growth history is on track. To those of you who own Shaw, here's to being one dividend increase closer to financial freedom. Cheers!
5 comments:
There was a lot of talk that the dividend increase wouldn't come until Q2 (if it would even come at all). Good news and a positive message to shareholders.
Indeed TD. I'll be buying more stock before it starts to skyrocket.
Very nice. I don't own any but I like Shaw. It's on my radar when I have some funds.
Dear Loonie Bin
Why do you have this blog? You don't update information enough to qualify yourself, Sir
I think now is a good time to buy Shaw...it was down 10% in 3 months
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