As per Domtar Corporation (NYSE:UFS)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.415 per share. The recent press release updated on the record date and payout date, which stands at 2016-10-03 and 2016-10-17, respectively.
The stock will commence trading ex-dividend from 2016-09-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Domtar Corporation (NYSE:UFS) disbursed $0.415 in dividend compared to distribution of $0.415, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 14.2857%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Domtar Corporation (NYSE:UFS) to attain a price target of $40.875. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $50. The low price range is set at $32 for next year while the arithmetic mean is seen at 3.38.
Eyeing Earnings Domtar Corporation (NYSE:UFS) is likely to post quarterly numbers around 2016-11-04 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.01 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Domtar Corporation (NYSE:UFS) earnings came at $0.61 suggesting a deviation of $0.42. The brokerages targeted EPS of $0.19 for the quarter.
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