(TSX: SCL.A, SCL.B)
TORONTO, Aug. 2 /CNW/ - The Board of Directors today declared a dividend of five and seventy-five one hundredths cents (5.75 cents) per Class A Subordinate Voting Share and five and two hundred and twenty-five one thousandths cents (5.225 cents) per Class B Multiple Voting Share payable on the 31st day of August 2007, to shareholders of record at the close of business on the 17th day of August, 2007.
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, August 3, 2007 at 10:00 AM EDT, which will discuss the company's second quarter 2007 financial results.
Please visit our website at www.shawcor.com for further details.