Domtar Corp (TSE:UFS) (NYSE:UFS) traded down 11.3% on Thursday . The stock traded as low as C$53.49 and last traded at C$54.21. 261,776 shares changed hands during trading, an increase of 249% from the average session volume of 75,003 shares. The stock had previously closed at C$61.13.

Several equities research analysts have recently weighed in on the company. Scotiabank reiterated a “sector perform” rating and set a C$52.50 price target on shares of Domtar in a research report on Tuesday, October 31st. National Bank Financial upped their price target on Domtar to C$59.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Domtar currently has an average rating of “Hold” and an average target price of C$59.70.

The stock has a market cap of $3,430.00, a PE ratio of -12.81 and a beta of 1.18.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Monday, January 15th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, December 29th. Domtar’s payout ratio is -38.88%.

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Domtar Company Profile

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.

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