Domtar Corp (UFS) To Go Ex-Dividend on September 29th

Domtar Corp (TSE:UFS) announced a quarterly dividend on Thursday, September 29th. Stockholders of record on Monday, October 17th will be given 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 is Thursday, September 29th.

Domtar Corp (TSE:UFS) traded up 1.10% during mid-day trading on Wednesday, hitting $48.71. The stock had a trading volume of 23,229 shares. The company has a market cap of $3.05 billion and a price-to-earnings ratio of 34.04. Domtar Corp has a 12 month low of $41.62 and a 12 month high of $56.23. The firm’s 50-day moving average is $48.55 and its 200 day moving average is $48.85.

A number of analysts recently commented on the company. TD Securities increased their price target on Domtar Corp from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Goldman Sachs Group Inc. assumed coverage on Domtar Corp in a research report on Thursday, September 22nd. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Domtar Corp currently has an average rating of “Hold” and an average target price of C$43.70.

About Domtar Corp

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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