Domtar Corp (UFS) Declares Quarterly Dividend of C$0.42
Domtar Corp (TSE:UFS) announced a quarterly dividend on Thursday, September 29th. Stockholders of record on Monday, October 17th will be paid a dividend of 0.415 per share on Monday, October 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Domtar Corp (TSE:UFS) traded up 1.10% during midday trading on Wednesday, hitting $48.71. The stock had a trading volume of 23,229 shares. The stock has a 50 day moving average price of $48.55 and a 200-day moving average price of $48.85. Domtar Corp has a 52 week low of $41.62 and a 52 week high of $56.23. The stock has a market capitalization of $3.05 billion and a price-to-earnings ratio of 34.04.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group Inc. assumed coverage on Domtar Corp in a report on Thursday, September 22nd. They set a “neutral” rating for the company. TD Securities raised their price target on Domtar Corp from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Domtar Corp currently has an average rating of “Hold” and a consensus target price of C$43.70.
Domtar Corp Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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