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Data last updated: Sep 28, 2026
Snapshot (as of Sep 28, 2026): Shaw Communications Inc. (SJR) pays a $1.44 annual dividend ($0.12 monthly), 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: $1.44 per share
Payout Ratio: 77.5%
Ex-Dividend Date: 2023-03-14
Dividend Frequency: monthly
Sector: Communication Services
Years of Dividend History: 26
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 $1.4288 per share paid monthly, and the most recent ex-dividend date was March 14, 2023. The last dividend payment was $0.0721 per share. With a beta of 0.33, SJR stock moves far less than the broader market, which suits income-focused investors who prioritize low volatility over capital gains.
Shaw Communications Inc. pays out 77.5% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's subscription-based connectivity services, including internet, television, and mobile plans through Freedom Mobile and Shaw Mobile, which generate recurring demand from residential and business customers. Shaw Communications Inc. dividend safety faces pressure from that elevated payout ratio, which leaves limited room to absorb earnings declines without affecting the dividend.
Shaw Communications Inc. dividend history shows a CAGR of 2.6% per year from 2008 to 2022. Per-share payments grew from $0.7040 to $1.0053 over that window (2023 data is a partial year and excluded from the growth calculation). The largest annual increase in the window was 15.5% in 2010, though the history also contains at least one year-over-year decline exceeding 5%, and consecutive years of dividend increases currently stand at zero.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | -22.1% | $0.94 (2018) | $0.27 (2023) |
| 10-Year | -12.1% | $0.98 (2013) | $0.27 (2023) |
SJR fits income-focused investors who want monthly cash flow from a low-volatility telecommunications stock. The yield of 3.38% falls in the moderate (2-4%) range and sits above the 5-year average yield of 2.56%, meaning the current entry point offers more income than the historical norm. The trade-off is a payout ratio of 77.5% that leaves little cushion, and a dividend growth rate of just 2.6% per year over the 2008-2022 window. Income is the draw here; growth is not.
| Payment Date | Amount per Share |
|---|---|
| 2023-03-14 | $0.0721 |
| 2023-02-14 | $0.0988 |
| 2023-01-12 | $0.0988 |
| 2022-12-14 | $0.0988 |
| 2022-11-14 | $0.0743 |
| 2022-10-13 | $0.0716 |
| 2022-09-14 | $0.0753 |
| 2022-08-12 | $0.0774 |
| 2022-07-14 | $0.0988 |
| 2022-06-14 | $0.0768 |
| Year | Total Dividends |
|---|---|
| 2023 | $0.2697 |
| 2022 | $1.0053 |
| 2021 | $1.0458 |
| 2020 | $0.9866 |
| 2019 | $0.9911 |
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