On Air Now

Listen

Listen Live Now » 95.5 FM Wausau, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
62° Feels Like: 62°
Wind: NW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 54°

Tomorrow

PM Thunderstorms 78°

Wed Night

Thunderstorms Early 51°

Alerts

Domtar announces stock split, projects growth

by
Domtar
Domtar

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.

Comments