- Declared special cash dividend of $1.00 per share
- Announced $50 million in additional lumber projects
- Reduced debt by $180 million in Q2
MONTRÉAL, June 10, 2021 /PRNewswire/ – Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today declared a special cash dividend of $1.00 per share of common stock, payable on July 7 for holders of record at the close of business on June 28. The company also announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the second quarter.
“The cash generated with our lumber platform in these strong lumber markets provides the opportunity to share benefits directly with shareholders,” said Remi G. Lalonde, president and chief…