Shaw Communications, Inc. announced that its Board of Directors has increased the equivalent annual dividend rate to $1.02 on its Class B Non-Voting Participating Shares and $1.0175 on its Class A Participating Shares. This represents an increase of 5% or $0.05 per share. The company's dividends are declared and paid on a monthly basis and this increase will commence March 27, 2013.

Based on the January 8, 2013 closing stock price, the new dividend rate represents a yield of 4.5% on the Class B Non-Voting Participating Shares. With this increase in the dividend rates, the company's Board of Directors declared monthly dividends of $0.085 on the Class B Non-Voting Participating Shares and $0.084792 on the Class A Participating Shares, payable on each of March 27, April 29 and May 30, 2013 to holders of record at the close of business on March 15, April 15 and May 15, 2013, respectively.