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

UFS has been the subject of several recent research reports. National Bank Financial boosted their price objective on Domtar to C$59.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Scotiabank reissued a “sector perform” rating and set a C$52.50 price objective on shares of Domtar in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Domtar has an average rating of “Hold” and a consensus target price of C$59.70.

The firm has a market cap of $3,830.00, a price-to-earnings ratio of 17.87 and a beta of 1.18.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.66 annualized dividend and a yield of 3.09%. Domtar’s dividend payout ratio is currently 48.54%.

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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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