Resolute Forest Products (RFP) Declares $1.50 Special Dividend; 11.5% Yield

Resolute Forest Products (NYSE: RFP) declared a special dividend of $1.50 per share.

The dividend will be payable on December 20, 2018, to stockholders of record on December 6, 2018, with an ex-dividend date of December 5, 2018.

The annual yield on the dividend is 11.5 percent.

Our view on pulp markets remains positive through the fourth quarter, supported by continued market supply disruptions and steady demand growth. For lumber, the recent price declines are expected to negatively impact our results in the fourth quarter. In the medium to long term, we believe that the ongoing recovery in U.S. housing starts and the growth in the repair and renovation segment should improve demand. While paper markets continue to be impacted by the structural decline in demand, we expect the implementation of previously announced price increases for some of our paper products to continue to favorably impact our results in the fourth quarter. For tissue, we continue to focus on operational improvements to support our sales growth," added Mr. Laflamme.

For a dividend history and other dividend-related data on Resolute Forest Products (RFP) click here.

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