(TSX: SCL.A, SCL.B)
TORONTO, May 12 /CNW/ - The Board of Directors today declared a dividend
of eight cents (8.0 cents) per Class A Subordinate Voting Share and a
quarterly dividend of seven and two hundred and seventy - three one
thousandths cents (7.273 cents) per Class B Multiple Voting Share
payable on the 31st day of May 2011, to shareholders of record at the
close of business on the 24th day of May 2011.
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.
ShawCor will be hosting a Shareholder and Analyst Conference Call and
Webcast on Friday May 13th, at 10:00 AM EDT, which will discuss the
company's first quarter 2011 financial results.
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