FORT MILL, S.C.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24UFS&src=ctag” target=”_blank”gt;$UFSlt;/agt;–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.”
About Domtar
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.
Contacts
INVESTOR RELATIONS
Nicholas Estrela
Director
Investor
Relations
Tel.: 514-848-5049
