Domtar Keeps Dividend Steady

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Specialty paper maker Domtar announced today its second-quarter dividend of $0.55 per share, the same rate it paid last quarter after raising the payout 22% from $0.45 per share.

The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 13.The regular dividend payment equates to a $2.20-per-share annual dividend, yielding 3.2% based on the closing price today of Domtar's stock.

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