May 05, 2010. /Lesprom Network/. Domtar Corporation announced that its Board of Directors has approved a quarterly dividend to holders of its common stock as well as holders of exchangeable shares of Domtar (Canada) Paper Inc. The first quarterly dividend of $0.25 per share will be paid on July 15, 2010 to shareholders of record on June 15, 2010. In addition, Domtar's Board of Directors has authorized a share buyback program of up to $150 million of Domtar Corporation's common stock. "We continue to focus on shareholder value and I am pleased to announce this milestone," said John D. Williams, President and CEO. "The initiation of a regular quarterly dividend coupled with a share repurchase plan is a strong commitment to return cash to shareholders," added Mr. Williams. Domtar Corporation is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp.