Consumables

Domtar announces an increase to its regular quarterly dividend

Tuesday 07. May 2013 - (All financial information is in U.S. dollars unless otherwise noted.) Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that its Board of Directors approved a 22% increase in its quarterly dividend (from $0.45 per share to $0.55 per share) on its common stock (NYSE: UFS) (TSX: UFS) as well as on the exchangeable shares of Domtar (Canada) Paper Inc. (TSX: UFX).

“The Board’s decision to increase the dividend recognizes the continued progress we are making on our strategic roadmap. Our commitment is to return the majority of free cash flow to shareholders and our aspiration is to grow the dividend to a level that balances our strategic objectives of bringing growth and stability to our earnings and creating shareholder value,” said John D. Williams, President and Chief Executive Officer.
The Board of Directors declared the dividend payable on July 15, 2013 to stockholders of record as of the close of business on June 14, 2013.