Thursday, March 1, 2012

SCL.A - <span class="simulate_din_font">ShawCor Declares Quarterly Dividend</span> (CAD 0.08)

Company: Shawcor Ltd. Cl.A Sv
Stock Name: SCL.A
Amount: CAD 0.08
Announcement Date: 01/03/2012
Record Date: 14/03/2012

Dividend Detail:


TORONTO, March 1, 2012 /CNW/ -The Board of Directors today declared a dividend of eight cents (8.0 cents) per Class A Subordinate Voting
Share and a quarterly dividend of seven and two hundred and seventy -
three one thousandths cents (7.273 cents) per Class B Multiple Voting
Share payable on the 30th day of March 2012, to shareholders of record at the close of business
on the 16th day of March 2012.

For Canadian resident shareholders, these dividends are designated as
"eligible dividends" for purposes of the enhanced dividend tax credit
rules contained in the Income Tax Act (Canada) and any corresponding
provincial and territorial tax legislation.

ShawCor will be hosting a Shareholder and Analyst Conference Call and
Webcast on Friday March 2nd, at 10:00 AM EST, which will discuss the
company's fourth quarter 2011 financial results.

Please visit our website at for further details.

For further information:

Gary S. Love
Vice President, Finance and CFO

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