Domtar (UFS) Raises Quarterly Dividend 4.6% to $0.455; 4% Yield

Domtar (NYSE: UFS) declared a quarterly dividend of $0.455 per share, or $1.82 annualized. This is a 4.6% increase from the prior dividend of $0.435.

The dividend will be payable on July 16, 2019, to stockholders of record on July 2, 2019, with an ex-dividend date of July 1, 2019.

The annual yield on the dividend is 4 percent.

“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.”

For a dividend history and other dividend-related data on Domtar (UFS) click here.

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