SJR Dividend Yield 2026: Shaw Communications Inc.

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Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Shaw Communications Inc. (SJR) pays a $1.41 annual dividend, yielding 3.38% at $30.18/share. Next ex-dividend date 2023-03-14. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.38%

Annual Dividend: $1.41 per share

Payout Ratio: 77.5%

Ex-Dividend Date: 2023-03-14

Sector: Communication Services

Years of Dividend History: 26

About Shaw Communications Inc. Dividend

Shaw Communications Inc. dividend income comes from one of Canada's major connectivity providers, covering cable, internet, and mobile services. SJR currently yields 3.38%, with a trailing annual dividend rate of $1.4105 per share. The ex-dividend date was March 14, 2023. With a beta of 0.33, SJR stock moves far less than the broader market, which appeals to income-focused investors who prioritize price stability over growth.

Dividend Safety

Shaw Communications Inc. pays out 77.5% of earnings as dividends, a payout ratio classified as high (above 75%). The company's Wireline division delivers subscription-based services, including internet access, television, and telephone, to Canadian households and businesses, providing a recurring revenue base that supports the current payout level. Shaw Communications Inc. dividend safety faces pressure from that elevated ratio, which leaves limited room to absorb earnings declines without affecting the dividend.

Shaw Communications Inc. (SJR) Dividend Growth Rate, CAGR, and History

Shaw Communications Inc. dividend history shows a CAGR of -2.5% per year from 2007 to 2022. Per share, the dividend moved from $1.3468 in 2007 to $0.9184 in 2022 (2023 data is a partial year and excluded from this calculation). The largest annual increase in the window was 8.4% in 2010, but the overall trend ran negative, with at least one year-over-year decline exceeding 5% recorded in the data.

Shaw Communications Inc. Dividend Growth Rate (CAGR)

Period	CAGR	From	To
5-Year	-22.1%	$0.94 (2018)	$0.27 (2023)
10-Year	-12.4%	$1.01 (2013)	$0.27 (2023)

Is Shaw Communications Inc. a Good Dividend Stock?

SJR fits income-focused investors who want moderate yield from a large connectivity business and can accept a dividend that has declined over time. The current yield of 3.38% sits well above the 5-year average of 2.35%, which reflects a moderate (2-4%) yield classification but at the higher end of that range. The trade-off is clear: the payout ratio of 77.5% is high, and the dividend's long-term direction has been negative, not growing. What an investor gets is above-average current income relative to SJR's own history. What they accept is a dividend with no consecutive years of increases and a demonstrated willingness to cut.

Recent Shaw Communications Inc. Dividend Payments

Payment Date	Amount per Share
2023-03-14	$0.0721
2023-02-14	$0.0988
2023-01-12	$0.0988
2022-12-14	$0.0767
2022-11-14	$0.0720
2022-10-13	$0.0710
2022-09-14	$0.0767
2022-08-12	$0.0770
2022-07-14	$0.0770
2022-06-14	$0.0780

Shaw Communications Inc. Annual Dividend History

Year	Total Dividends
2023	$0.2697
2022	$0.9184
2021	$0.9403
2020	$0.9645
2019	$0.9911

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Frequently Asked Questions

Does SJR pay dividends?

Yes, Shaw Communications Inc. (SJR) pays a $1.41 annual dividend per share, yielding 3.38%.

What is Shaw Communications Inc.'s current dividend yield?

Shaw Communications Inc.'s current dividend yield is 3.38%, which is notably above its 5-year average yield of 2.35%. That gap reflects a higher payout relative to the stock's recent price history.

Has Shaw Communications Inc. ever cut its dividend?

Yes. The annual dividend per share fell from $1.0870 in 2014 to $0.9639 in 2015, a decline exceeding 11%, and the dividend has not returned to its 2014 level within the available history window through 2022.

How fast has Shaw Communications Inc. grown its dividend?

Shaw Communications Inc. has a compound annual growth rate (CAGR) of -2.5% per year from 2007 to 2022. The dividend shrank from $1.3468 to $0.9184 per share over that 15-year window.

Is Shaw Communications Inc. dividend safe?

The payout ratio stands at 77.5%, classified as high (above 75%), which limits the margin of safety. The Wireline segment's subscription-based services provide recurring revenue, but the elevated ratio leaves little room if earnings weaken.

Is Shaw Communications Inc. a good dividend stock for income investors?

SJR offers a 3.38% yield, above its own 5-year average, which suits income-focused investors seeking current cash flow. The trade-off is a high payout ratio and a dividend that has declined in per-share terms over the long run.

What type of investor is Shaw Communications Inc. best suited for?

SJR stock fits income-focused investors who prioritize current yield and low price volatility, given its 3.38% yield and beta of 0.33. Investors who require dividend growth should note the -2.5% CAGR over the 2007-2022 window.

How does Shaw Communications Inc. compare to its own historical yield?

The current yield of 3.38% is well above the 5-year average of 2.35%, meaning SJR is paying out more relative to its price than it has on average over the past five years.

Latest SJR News

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