MONTREAL, Feb. 19, 2014 /CNW Telbec/ - Domtar Corporation today announced that its Board of Directors has approved its fourth quarterly dividend for the 2013 fiscal year on its common stock (NYSE: UFS) (TSX: UFS) and on Domtar (Canada) Paper Inc.
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products.
Despite recent stock appreciation, shares remain cheap, likely even cheaper than when the stock was $80 (now over $100). Strong FCF generation could result in accelerated share repurchases and expansion of higher margin Personal Care segment.
Looking at the universe of stocks we cover at Dividend Channel , in trading on Monday, shares of Domtar Corp (Symbol: UFS) were yielding above the 2% mark based on its quarterly dividend (annualized to $2.20), with the stock changing hands as low as ...