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
Related Articles:
- All Investments Carry Risk
- 9 Stocks Delivering The Dividend Dream
- 10 Quality Dividend Stocks Trading Below Their Fair Value
- Warren Buffett's Two Investing Rules For Dividend Investors
- 10 Stocks That Have Paid Uninterrupted Dividends Since 1899
Dividend Growth Stocks News
- 2 High-Yield Stocks for a Lifetime of Safe Income - 24/7 Wall St. - 6/2/2025
- ASX Dividend Stocks To Watch In June 2025 - Yahoo Finance - 6/2/2025
- The 5 Highest-Yielding S&P 500 Dividend Stocks Are Passive Income Home Runs - AOL.com - 6/2/2025
- Top Dividend Stocks To Research - June 1st - MarketBeat - 6/2/2025
- The Smartest Dividend Stocks to Buy With $2,000 Right Now - Nasdaq - 5/30/2025
- Genuine Parts Company (GPC) Dividend Stock Analysis - 5/30/2025
- AFLAC Incorporated (AFL) Dividend Stock Analysis - 5/23/2025
- Automatic Data Processing Inc. (ADP) Dividend Stock Analysis - 5/16/2025
- Air Products and Chemicals Inc. (APD) Dividend Stock Analysis - 5/9/2025
- Waste Management, Inc. (WM) Dividend Stock Analysis - 5/2/2025
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.