Shaw Communications 4Q eps 31c a Canadian share, annual dividend raised 9% |
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Published
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Fri, 26 Oct 2007 13:46
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NEW YORK (Thomson Financial) - Shaw Communications Inc. Friday said fourth-quarter net income was $136 million Canadian dollars, or 31 cents a Canadian share, down from $210 million, or 49 cents a share, from the same period last year.Both current and comparable earnings results include a gain from the sale of an investment in last year's third quarter and tax recoveries related to income tax rates.Adjusted income for the fourth quarter rose to $100 million Canadian dollars from last year's $60 million.Fourth-quarter consolidated service revenue increased 13.2% to $715 million Canadian dollars from the same period last year.The company also announced its board's authorization of a 9% increase in the equivalent annual dividend rate to roughly 72 cents a Canadian share, effective Dec. 28.Shares of the Calgary-based cable television and communications provider closed Thursday at $26.93.Melinda Peermp/tk1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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