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Stock Market & Financial Investment News

News Breaks
February 7, 2014
07:39 EDTUFSDomtar reports preliminary Q4 adjusted EPS $2.09, consensus $1.53
Reports preliminary Q4 revenue $1.36B, consensus $1.36B. Reports Q4 manufactured paper shipments up 0.4% and Q4 pulp shipments up 7.1%. The increase in operating income was the result of lower costs for maintenance, higher average selling prices for paper and pulp, favorable exchange rates, higher productivity in pulp, and higher paper shipments.
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February 23, 2015
17:10 EDTUFSDomtar raises dividend 7%, increases stock buyback plan by $300M
Domtar announced that its Board of Directors approved a 7% increase to its quarterly dividend from 37.5c per share to 40c per share on its common stock. The Board of Directors declared the dividend payable on April 15 to stockholders of record as of the close of business on April 2. In the context of its regular review of the capital allocation policy, the Board of Directors also authorized an increase of $300M in Domtar's share buyback program. This is in addition to the company's prior $1B repurchase authorization, under which approximately $83M remained available as of December 31, 2014.

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