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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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October 23, 2014
11:25 EDTUFSDomtar rallies after MLP conversion discussion on call
Shares of Domtar rallied during the company's earnings conference call as the possibility of a master limited partnership conversation was addressed. Domtar stated that if it feels it would have "something compelling in the marketplace," it could consider the possibility of an MLP. It added, "If there's something there that could create shareholder value, you'll see us doing something or sharing something with the market." Shares of Domtar are up 9% to $39.44 in late morning trading. The call is now over.
07:34 EDTUFSDomtar sees Q4 paper shipments declining due to seasonality
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07:33 EDTUFSDomtar reports Q3 adjusted EPS 94c, consensus 82c
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