Friday, January 17, 2014
Today, Shaw Communications (SJR.B) announced a dividend increase of 8% annually. The annual dividend rate increases from $1.02 per share to $1.10 effective March 28, 2014. The company is based out of Calgary Alberta. The company surpassed analysts expectations by $0.02/ per share.
"Shaw lost 29619 basic cable and 9323 satellite subscribers in the quarter, while adding 2746 Internet and 1351 digital phone customers" - Canadian Business
It is difficult to get a raise of that much at a job these days. That is one of the benefits of investing in dividend paying stocks. The business continues to grow and profits increase, Shaw rewards its investors by increase their dividend .
Disclosure Long SJR.B
Photo Credit : www.shaw.ca