Worth an estimated $1.5 billion, J.R. Shaw is one of the wealthiest men in Canada. An entrepreneur by nature, he founded his company in 1966 at the age of 32. Over the ensuing 28 years, he turned this modest venture into Shaw Communications (NYSE:SJR), Canada's second-largest cable and satellite television company, with 3 million subscribers and a current market capitalization of nearly $11 billion. Over the years, J.R. and his two sons have made a lot of good business decisions.
What was truly unusual about that January 2005 dividend declaration was that Shaw began to offer shareholders a regular monthly paycheck -- the company converted from paying dividends on a quarterly basis to paying out 12 times per year. Of course, it didn't hurt that the Shaw family owned a significant stake in their own company and had a history of adding to their positions over time, aligning management's interests with those of shareholders. Since making that announcement just over eight years ago, Shaw Communication's Class B shares have jumped over 211%.
Source: Investopedia
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