Nip Impressions logo
Thu, Aug 13, 2020 19:55
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
My Profile
Management Side
Domtar Declares Regular Quarterly Dividend And Announces An Increase To Its Share Buyback Program
Fort Mill, SC (News release) - Domtar Corporation announced that its Board of Directors has declared a quarterly dividend on its common stock. The dividend of US$0.455 per share is payable on January 15, 2020 to stockholders of record on January 2, 2020.

The company also announced that its Board of Directors authorized an increase of $300 million to Domtar's share buyback program. This is in addition to the Company's prior $1.3 billion repurchase authorization, under which approximately $178 million remained available as of September 30, 2019. The new share repurchase program, which has no expiration date, may be terminated at any time

"The increase to the share buyback program demonstrates our continued confidence in our cash flow generation and builds on our long track record of returning cash to shareholders," said John D. Williams, President and Chief Executive Officer. "We will maintain a balanced and disciplined approach to deploying resources, by investing to fuel growth in our core businesses, and returning capital to shareholders."

Under the share buyback program, the Company is authorized to repurchase from time to time shares of its outstanding common stock on the open market, or in privately negotiated transactions in the United States. The timing and amount of stock repurchases will depend on a variety of factors, including the market conditions, as well as corporate and regulatory considerations. The share repurchase program may be suspended, modified or discontinued at any time, and the Company has no obligation to repurchase any amount of its common stock under the program.
********** has taken off like a rocket! Over fifty jobs are posted, in many interesting categories. These jobs are in at least ten different US states. [12.19.19]


Employers are on board with There are nearly forty employers located in fifteen different US states and six other countries. [12.19.19]

Printer-friendly format


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: