Domtar Corp (UFS) Increases Dividend to $0.56 Per Share

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Domtar Corp (TSE:UFS) (NYSE:UFS) declared a quarterly dividend on Wednesday, May 9th, Zacks reports. Stockholders of record on Tuesday, July 3rd will be paid a dividend of 0.559 per share on Monday, July 16th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, June 29th. This is an increase from Domtar’s previous quarterly dividend of $0.42.

Shares of Domtar opened at C$62.34 on Friday, reports. Domtar has a 52-week low of C$46.97 and a 52-week high of C$64.86.

Domtar (TSE:UFS) (NYSE:UFS) last announced its earnings results on Tuesday, May 1st. The company reported C$1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.88 by C$0.23. The business had revenue of C$1.70 billion during the quarter, compared to analysts’ expectations of C$1.69 billion. Domtar had a negative net margin of 39.34% and a negative return on equity of 77.92%.

Separately, DA Davidson upgraded shares of Domtar from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 2nd.

About Domtar

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

Dividend History for Domtar (TSE:UFS)

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