SHAWCOR DECLARES QUARTERLY DIVIDEND

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[{"type":"text","content":"\n\n\n May 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, May 12 /CNW/ - The Board of Directors today declared a dividend\n of eight cents (8.0 cents) per Class A Subordinate Voting Share and a\n quarterly dividend of seven and two hundred and seventy - three one\n thousandths cents (7.273 cents) per Class B Multiple Voting Share\n payable on the 31st day of May 2011, to shareholders of record at the\n close of business on the 24th day of May 2011.\n\n\nFor Canadian resident shareholders, these dividends are designated as\n "eligible dividends" for purposes of the enhanced dividend tax credit\n rules contained in the Income Tax Act (Canada) and any corresponding\n provincial and territorial tax legislation.\n\n\nShawCor will be hosting a Shareholder and Analyst Conference Call and\n Webcast on Friday May 13th, at 10:00 AM EDT, which will discuss the\n company's first quarter 2011 financial results.\n\n\nPlease visit our website at www.shawcor.com for further details.\n\n\n\n\n Gary S. Love Vice President, Finance and CFO Telephone: 416.744.5818 e-mail: [email protected] website: www.shawcor.com \n\n","length":2288,"tagName":"div"}]

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