Shaw Communications Q1 Profit Declines - Quick Facts

(RTTNews) - Canadian communications and media company Shaw Communications, Inc. (SJR, SJR.B.TO) reported first-quarter net income attributable to equity shareholders of C$219 million, or C$0.46 a share, from C$236 million, or C$0.51 a share, last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.52 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue for the latest first quarter was C$1.39 billion, up 2% from C$1.36 billion in the comparable quarter last year.

The company said in a statement, "During the quarter we remained focused on disciplined and sustainable growth, customer retention and driving performance through continuous improvement. We are on track to achieve our fiscal 2015 financial guidance and our Board of Directors has approved an 8% increase in our annual dividend rate to $1.185 affirming our commitment to continue to return value to our shareholders."

The new rates are effective with the monthly dividend paid on March 30, 2015.