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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.
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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.
February 17, 2015
10:00 EDTUFSOn The Fly: Analyst Downgrade Summary
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08:03 EDTUFSDomtar downgraded to Sector Perform from Outperform at Scotia Capital
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