{"id":339831,"date":"2010-02-19T10:37:00","date_gmt":"2010-02-19T15:37:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:398033"},"modified":"2010-02-19T10:37:00","modified_gmt":"2010-02-19T15:37:00","slug":"domtar-to-bring-back-dividend","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/339831","title":{"rendered":"Domtar to bring back dividend?"},"content":{"rendered":"<p>Favourable statistics for paper company <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=UFS&amp;id=17110519\" >Domtar Corp.<\/a> has a Raymond James analyst floating the possibility of a dividend reinstatement later on this year.<\/p>\n<p>Daryl Swetlishoff called Domtar a &quot;compelling&quot; free cash flow story, with an Outperform rating and $75 target price. <\/p>\n<p>January statistics showed shipments up 3% year-over-year while overall demand was up 5.5%, while inventories were down 12% compared with the previous year.&nbsp;<\/p>\n<p>&quot;We expect incrementally tighter markets,&quot; he said in a note to clients. <\/p>\n<p>He also expects the company to meet its core goal of reducing debt to $1-billion from $1.4-billion on $320-million in biofuel tax credits along with $40-million of asset sales.<\/p>\n<p>As a result, there is the possibility of a suggested dividend reinstatement in the second half of 2010, with a $1 a share divdend implying a 2% yield at a cost of $43-million.<\/p>\n<p><a href=\"mailto:erlam@nationalpost.com\">Eric Lam<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=398033\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Favourable statistics for paper company Domtar Corp. has a Raymond James analyst floating the possibility of a dividend reinstatement later on this year. Daryl Swetlishoff called Domtar a &quot;compelling&quot; free cash flow story, with an Outperform rating and $75 target price. January statistics showed shipments up 3% year-over-year while overall demand was up 5.5%, while [&hellip;]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-339831","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/339831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=339831"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/339831\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=339831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=339831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=339831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}