CALGARY, ALBERTA--(Marketwire - Jan. 12, 2012) - Shaw Communications Inc. ("Shaw") (TSX:SJR.B) (NYSE:SJR) announced today that its Board of Directors has increased the equivalent annual dividend rate to $0.97 on its Class B Non-Voting Participating Shares and $0.9675 on its Class A Participating Shares. This represents an increase of 5% or $0.05 per share. Shaw's dividends are declared and paid on a monthly basis and this increase will commence March 29, 2012.
Some investors are concerned with the amount of money the Shaw brothers have been taking out of the company for their executive pay. They justify their wages by comparing SHAW with what other larger companies pay their executives. The share price hasn't moved over the past few years and even though they keep increasing their dividend, it's not going to last if the Shaw brothers run Daddy's company into the ground.