Press release from CNW Group
ShawCor Announces Increase In Quarterly Dividend
Thursday, May 01, 2014
ShawCor Announces Increase In Quarterly Dividend16:02 EDT Thursday, May 01, 2014
TORONTO, May 1, 2014 /CNW/ - The Board of Directors today declareda dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation, payable on the 30th day of May 2014 to shareholders of record at the close of business on the 16th day of May 2014. This represents a 20% increase over the amount of the preceding quarterly dividend.
For Canadian resident shareholders, these dividends are designated as "eligible dividends" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.
Please visit our website at www.shawcor.com for further details.
SOURCE ShawCor Ltd.
For further information:
Gary S. Love
Vice President, Finance and CFO