May 02, 2012. /Lesprom Network/. Domtar Corporation announced that its Board of Directors has approved a 29% increase to its quarterly dividend, from $0.35 to $0.45 per share on its common stock as well as on the exchangeable shares of Domtar (Canada) Paper Inc. "The Board's decision to increase the dividend reflects our continued confidence in our ability to generate strong cash flows. Creating shareholder value and managing our capital effectively remains a priority and we intend to continue to assign the majority of our future free cash flow to our shareholders," said John D. Williams, President and CEO. The Board of Directors declared the dividend payable on July 16, 2012 to stockholders of record as of the close of business on June 15, 2012. Domtar Corporation designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence products.