Shaw Announces First Quarter Financial and Operating Results and Dividend Increase

Shaw Announces First Quarter Financial and Operating Results and Dividend Increase

– First quarter consolidated revenues of $1.39 billion increased 2% over the same period last year and operating income before amortization of $606 million was comparable to the prior period. – Free cash flow for the three month period was $193 million, up from $157 million last year. – Net income was $227 million or $0.46 per share for the quarter compared to $245 million or $0.51 per share last year. – The annual dividend rate was increased by 8% to $1.185.