FORT MILL, S.C.–(BUSINESS WIRE)–May 8, 2019– Domtar Corporation (NYSE: UFS) (TSX: UFS) announced that its Board of Directors approved a 4.6% increase to its quarterly dividend (from $0.435 per share to $0.455 per share) on its common stock. The Board of Directors declared the dividend payable on July 16, 2019 to stockholders of record as of the close of business on July 2, 2019.
“The dividend increase reflects our strong balance sheet and the confidence we have in the long-term growth prospects for the company,” said John D. Williams, President and Chief Executive Officer. “We are committed to returning a majority of our free cash flow to shareholders while we continue to invest in organic growth and take advantage of strategic acquisition opportunities.”
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products. With approximately 10,000 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $5.5 billion, and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar’s principal executive office is in Fort Mill, South Carolina. To learn more, visit www.domtar.com.
Source: Domtar Corporation