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15 hours ago
Monday, January 18, 2010
Shaw Increases Dividend
Shaw Communications (SJR.B) increased its annual dividend to $0.88. This represents an increase of 5% or $0.04 per share. Shaw's dividends are paid on a monthly basis and this increase will commence March 30, 2010.
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1 comments:
CIBC World Markets Analyst Robert Bek said:
Shaw remains our top pick for 2010 in the media, cable & telecom space. We continue to believe that Shaw's solid free cash flow generation will drive valuation, surfacing shareholder gains through continued dividend growth and prudent management stewardship of capital.
Given our confidence in Shaw's execution, we foresee minimal risks to fundamentals in 2010. Shaw's outlook continues to be supportive of ongoing growth, and with the prospect of M&A more likely as the industry matures we believe Shaw remains a strong buy-and-hold name.
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