Domtar Corp (NYSE:UFS) (TSE:UFS) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.415 per share by the basic materials company on Monday, January 15th. This represents a $1.66 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, December 29th.

Domtar has raised its dividend payment by an average of 17.7% annually over the last three years and has increased its dividend every year for the last 7 years. Domtar has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Domtar to earn $2.86 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 58.0%.

Domtar (NYSE UFS) opened at $49.66 on Thursday. Domtar has a one year low of $35.47 and a one year high of $50.19. The firm has a market capitalization of $3,112.74, a P/E ratio of 17.80, a P/E/G ratio of 3.76 and a beta of 1.54. The company has a quick ratio of 1.20, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.30. Domtar had a return on equity of 9.93% and a net margin of 5.42%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.13 EPS. Domtar’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts predict that Domtar will post 2.64 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on UFS shares. ValuEngine raised Domtar from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Scotiabank set a $41.00 price objective on Domtar and gave the company a “sector perform” rating in a research note on Monday, October 30th. National Bank Financial raised their price objective on Domtar from $42.00 to $46.00 and gave the company a “sector perform” rating in a research note on Monday, October 30th. KeyCorp set a $33.00 price objective on Domtar and gave the company a “sell” rating in a research note on Thursday, October 12th. Finally, Stephens initiated coverage on Domtar in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $43.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.80.

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About Domtar

Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Dividend History for Domtar (NYSE:UFS)

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