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ShawCor Declares Quarterly Dividend

TORONTO, May 12, 2015 (GLOBE NEWSWIRE) -- The Board of Directors today declareda dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation payable on the 1st day of June 2015, to shareholders of record at the close of business on the 22nd day of May 2015.

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.

Please visit our website at www.shawcor.com for further details.

CONTACT: For further information, please contact: Gary S. Love Vice President, Finance and CFO Telephone: 416.744.5818 e-mail: glove@shawcor.com website: www.shawcor.com

Source:ShawCor Ltd.