TORONTO, May 1, 2014 /CNW/ - The Board of Directors today declared a 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