Canadian cable company Shaw Communications (SJRb.TO) posted quarterly net income sharply below analyst expectations after it booked costs for the purchase of Canwest assets. The company also increased its equivalent annual dividend by 5 percent to C$0.92 on Class B non-voting participating shares and $0.9175 on Class A shares. For the first quarter, net income was C$20.3 million ($20.58 million), or 4 Canadian cents per share, compared with C$114.2 million, or 26 Canadian cents per share, a year ago.
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