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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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