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Domtar announces stock split, projects growth


MONTREAL, Canada -- Domtar Corporation stock is trading much higher after the Board of Directors announced a stock split Wednesday.

The paper company which owns mills in Nekoosa and Rothschild approved the two-for-one stock split this week. Stockholders that own stock on June 10th will be able to get an additional share of stock for each share they own.

In a statement, Domtar President and CEO John D. Williams said, “The board’s decision to substantially increase the regular dividend payout reflects its confidence in our future as we continue to transform Domtar into a growth company.” Part of that growth is in the personal care product lines with their recent acquisition of Indas.