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Stock Market & Financial Investment News

News Breaks
April 9, 2014
08:13 EDTUFSDomtar downgraded to Sell from Neutral at Citigroup (yesterday)
Citigroup downgraded Domtar yesterday to Sell citing the recent rally in shares and earnings risk from the announced paper price hikes. Citi lowered its price target for shares to $90 from $106.
News For UFS From The Last 14 Days
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March 6, 2015
14:34 EDTUFSITC makes determinations in preliminary antidumping case on uncoated paper
The U.S. International Trade Commission announced it has made affirmative determinations in its preliminary phase antidumping and countervailing duty investigations concerning Certain Uncoated Paper from Australia, Brazil, China, Indonesia, and Portugal. Shares of Domtar (UFS), which makes and markets a range of fiber-based paper products, are up 2.5% in afternoon trading following the announcement, while Orient Paper (ONP) is up nearly 17% and Verso Paper (VRS) is up over 6%.
14:27 EDTUFSDomtar options active on renewed MLP conversion speculation
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14:12 EDTUFSRumor: Domtar moves higher on renewed MLP conversion speculation
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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