Shaw Communications Inc.

Shaw Communications Inc.

July 07, 2005 17:35 ET

Shaw Announces Increase in Dividend Rates

CALGARY, ALBERTA--(CCNMatthews - July 7, 2005) - Shaw Communications Inc. (TSX:SJR.NV.B) (NYSE:SJR) announced today that its Board of Directors has increased the equivalent annual dividend rate on Shaw's Class A Participating Shares and Class B Non-Voting Participating Shares by $0.01 per share. The equivalent annual dividend rate will be $0.405 per Class A Participating Share and $0.41 per Class B Non-Voting Participating Share, payable in monthly installments commencing September 30, 2005.

Based upon this increase in the dividend rates, Shaw's Board of Directors declared monthly dividends of $0.03375 per Class A Participating Share and $0.0341666667 per Class B Non-Voting Participating Share, payable on each of September 30, 2005, October 31, 2005 and November 30, 2005 to all holders of record at the close of business September 15, 2005, October 15, 2005 and November 15, 2005, respectively.

Shaw's Board of Directors reviews the applicable dividend rates on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Shaw's Board of Directors, and there is no entitlement to any dividend prior thereto.

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, Internet, Digital Phone, telecommunications services (through Big Pipe Inc.) and satellite direct-to-home (through Star Choice Communications Inc.) services to approximately 3.0 million customers. Shaw is traded on the Toronto and New York stock exchanges and is a member of the S&P/TSX 60 index (Symbol: TSX - SJR.NV.B, NYSE - SJR).

Contact Information

  • Shaw Communications Inc.
    Steve Wilson
    Senior Vice President, Chief Financial Officer
    (403) 750-4500