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Stock Market & Financial Investment News

News Breaks
April 30, 2014
09:05 EDTUFSDomtar board approves 2-for-1 split of company stock, dividend increase
The split will be effected through a stock dividend on the record date of June 10. The company's transfer agent, Computershare, will distribute the new shares of common stock on or about June 17. As a result of the stock split, total shares of Company common stock outstanding will increase from approximately 32.5M to 65M. In addition, the company announced an increase in the quarterly dividend on its common stock, on a post-split basis, to 37.5c from 27.5c. This is equivalent to, on a pre-split basis, an increase of 20c per share per quarter.
News For UFS From The Last 14 Days
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July 30, 2014
10:00 EDTUFSOn The Fly: Analyst Downgrade Summary
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05:20 EDTUFSDomtar downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Domtar to Neutral citing weaker than expected uncoated freesheet pricing. The firm lowered its price target for shares to $38 from $56.
July 25, 2014
10:02 EDTUFSOn The Fly: Analyst Downgrade Summary
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08:08 EDTUFSMLP potential could serve as floor for stocks, says Deutsche Bank
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06:39 EDTUFSDomtar downgraded to Outperform from Top Pick at RBC Capital
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July 24, 2014
07:50 EDTUFSDomtar expects paper volume to decline with market demand
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07:50 EDTUFSDomtar sees paper volumes declining
The company stated, "Our paper volumes are expected to decline with market demand while global softwood pulp markets are expected to remain balanced. The ramp-up of the new production lines are expected to positively impact the Personal Care business results towards the end of the year. Input costs are expected to stay relatively stable for 2H14."
07:49 EDTUFSDomtar reports Q2 EPS 61c, consensus 87c
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