Domtar Corp (TSE:UFS) (NYSE:UFS) announced a quarterly dividend on Friday, December 29th, TickerTech reports. Investors of record on Monday, January 15th will be paid a dividend of 0.415 per share on Monday, January 15th. This represents a $1.66 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, December 29th.
Domtar (TSE UFS) traded up C$1.20 during trading hours on Friday, reaching C$64.18. The company’s stock had a trading volume of 34,379 shares, compared to its average volume of 42,148. Domtar has a twelve month low of C$46.97 and a twelve month high of C$64.35. The company has a market capitalization of $3,970.00, a price-to-earnings ratio of 18.55 and a beta of 1.18.
A number of equities analysts have recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating and issued a C$52.50 price objective on shares of Domtar in a research note on Tuesday, October 31st. National Bank Financial boosted their target price on Domtar to C$59.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$59.70.
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Domtar Corporation designs, manufactures, markets, and distributes communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company provides business papers, including copy and electronic imaging papers that are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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