ShawCor Announces Increase In Quarterly Dividend

(TSX: SCL)

TORONTO, May 1, 2014 /CNW/ - The Board of Directors today declared a dividend of fifteen cents (15.00 cents) per share on the outstanding common shares of the Corporation, payable on the 30^th day of May 2014 to shareholders of record at the close of business on the 16^th day of May 2014. This represents a 20% increase over the amount of the preceding quarterly dividend.

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.

SOURCE ShawCor Ltd.