Domtar Corp. (UFS) Plans Quarterly Dividend of $0.55
Domtar Corp. (NYSE:UFS) declared a quarterly dividend on Wednesday, February 19th, Analyst Ratings.Net reports. Investors of record on Friday, March 14th will be given a dividend of 0.55 per share on Tuesday, April 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.07%.
UFS has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Domtar Corp. from C$115.00 to C$135.00 in a research note on Monday, February 3rd. They now have a “top pick” rating on the stock. On a related note, analysts at Deutsche Bank upgraded shares of Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. They now have a $115.00 price target on the stock, up previously from $95.00. Finally, analysts at Zacks downgraded shares of Domtar Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 22nd. They now have a $98.50 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $103.94.
Shares of Domtar Corp. (NYSE:UFS) traded up 0.52% during mid-day trading on Wednesday, hitting $106.80. 283,273 shares of the company’s stock traded hands. Domtar Corp. has a 1-year low of $65.01 and a 1-year high of $110.20. The stock’s 50-day moving average is $98.09 and its 200-day moving average is $85.00. The company has a market cap of $3.460 billion and a price-to-earnings ratio of 39.06.
Domtar Corp. (NYSE:UFS) last announced its earnings results on Thursday, February 6th. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.53 by $0.56. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Domtar Corp. will post $9.57 earnings per share for the current fiscal year.
In other Domtar Corp. news, SVP Patrick Loulou sold 3,754 shares of Domtar Corp. stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $104.60, for a total value of $392,668.40. Following the completion of the sale, the senior vice president now directly owns 6,004 shares of the company’s stock, valued at approximately $628,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
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