Corus Entertainment Declares Quarterly Dividend for Class A and Class B Shareholders

TORONTO, Jan. 10, 2020 — (PRNewswire) — Corus Entertainment Inc. (TSX: CJR.B) announced today that its Board of Directors has declared quarterly dividends of $0.06 per Class B Share and $0.05875 per Class A Share payable on March 31, 2020, to shareholders of record at the close of business on March 16, 2020.

The foregoing dividends are designated as "eligible" dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.

Corus' Board of Directors reviews the dividend on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Corus' Board of Directors and there is no entitlement to any dividend prior thereto.

Registered shareholders who are residents of Canada and who are not currently participating in Corus' Dividend Reinvestment Plan ("the Plan") may elect to participate in the Plan through the completion of an enrollment form which can be obtained from the Company's plan administrator, AST Trust Company (Canada), on their website at www.astfinancial.com/ca-en/ or by calling 1.800.387.0825. The Plan allows eligible holders of Class A Shares and Class B Shares to acquire additional Class B Shares through reinvestment of the cash dividends paid on their respective shareholdings. Non-registered beneficial shareholders who are residents of Canada and who wish to join the Plan should consult their broker, financial institution or other intermediary through which they hold Class A Shares or Class B Shares.

Corus' Board of Directors confirms that the Company will distribute shares purchased on the open market at no discount from the average market price to the Plan participants of record, as determined pursuant to the terms of the Plan.

There were 3,412,392 Class A Voting Shares and 207,010,066 Class B Non-Voting Shares outstanding on December 31, 2019.

Corus Entertainment Inc. reports in Canadian dollars.

About Corus Entertainment Inc.
Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that develops and delivers high quality brands and content across platforms for audiences around the world.  Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 34 specialty television services, 39 radio stations, 15 conventional television stations, a suite of digital assets, animation software, technology and media services. Corus is an established creator of globally distributed content through Nelvana animation studio, Corus Studios, and children's book publishing house Kids Can Press. The company also owns innovative full-service social digital agency so.da, and lifestyle entertainment company Kin Community Canada. Corus' roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, HISTORY®, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105, and CFOX. Visit Corus at www.corusent.com.

Follow Corus PR @CorusPR

Cision View original content: http://www.prnewswire.com/news-releases/corus-entertainment-declares-quarterly-dividend-for-class-a-and-class-b-shareholders-300984795.html

SOURCE Corus Entertainment Inc.

Contact:
Company Name: Corus Entertainment Inc.
Doug Murphy, President and Chief Executive Officer, Corus Entertainment Inc.
Email Contact John Gossling, Executive Vice President and Chief Financial Officer, Corus Entertainment Inc.
Email Contact Heidi Kucher, Director, Investor Relations, Corus Entertainment Inc.
Email Contact Melissa Eckersley, Corporate Communications Lead, Corus Entertainment Inc.
Email Contact
Web: www.corusent.com
Financial data for Corus Entertainment Inc.
Corus Entertainment Inc.






Review Article Be the first to review this article

Bentley: Jump start your Infrastructure Career

Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Canada Stubs Toe Along Jobs Recovery Path
Jobs
Construction Sales Executive for Microdesk at Los Angeles, California
BIM Coordinator for Handel Architects LLP at San Francisco, California
Senior Software Developer (Revit API) for Microdesk at Boston, Massachusetts
Senior Highway Engineer for RS&H at Jacksonville, Florida
Project Architect for Handel Architects LLP at San Francisco, California
Technical Sales Representative for Rulon International at Saint Augustine, Florida
Upcoming Events
DCW - Digital Construction Week at Excel London United Kingdom - May 19 - 20, 2021
MCA 2021 Virtual Summer Meeting, June 14-16 at United States - Jun 14 - 16, 2021
Kenesto: 30 day trial
Accelerate Your Career in Infrastructure
UAV Expo2021 -Register   & save
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise