Domtar Corporation Announces A 40% Increase To Its Quarterly Dividend And $150M Share Buyback Program (UFS)

Domtar Corporation today announced that its Board of Directors declared a quarterly dividend of $0.35 per share to holders of its common stock UFS as well as holders of exchangeable shares of Domtar Paper Inc. The dividend represents a 40 percent increase over the previous quarter's cash dividend. In the context of its regular review of the capital allocation policy, the Board of Directors also authorized an increase to Domtar's previously announced share buyback program from $150 million to $600 million.