Domtar Corp (UFS) to Issue $0.42 Quarterly Dividend

Domtar Corp (TSE:UFS) (NYSE:UFS) declared a quarterly dividend on Friday, December 29th, TickerTech reports. Stockholders of record on Monday, January 15th will be paid a dividend of 0.415 per share on Monday, January 15th. This represents a $1.66 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, December 29th.

Shares of Domtar (TSE:UFS) traded down C$0.16 on Thursday, hitting C$62.60. The stock had a trading volume of 18,434 shares, compared to its average volume of 31,926. The firm has a market cap of $3,960.00, a P/E ratio of 17.63 and a beta of 1.18. Domtar has a fifty-two week low of C$46.97 and a fifty-two week high of C$64.35.

Several brokerages have recently commented on UFS. Scotiabank reissued a “sector perform” rating and issued a C$52.50 target price on shares of Domtar in a report on Tuesday, October 31st. National Bank Financial boosted their target price on Domtar to C$59.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$59.70.

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About Domtar

Domtar Corporation designs, manufactures, markets, and distributes 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 provides business papers, including copy and electronic imaging papers that are used with ink jet 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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