10:02 AM EST - Shaw Communications Inc. : is raising its annual dividend by 12 percent after reporting a second-quarter profit of $79.8 million, up from a year-earlier $45.8 million. The telecommunications company said Friday its net earnings for the three months ended Feb. 28 amounted to 37 cents per share and compared with a prior-year 21 cents per share. Shaw said the increased dividend of $1.12 on its Class B non-voting shares and $1.115 on Class A shares will begin June 30. Consolidated service revenue came in at $685.7 million, up 12.2 percent from $611 million in the prior-year period. Shaw Communications Inc.
shares T.SJR.B are trading off 40 cents at $44.50.
