Pulp and Paper Canada

News
SFK suspends dividends


January 19, 2006
By Pulp & Paper Canada

In an attempt to bulk up its cash reserves, SFK Pulp Fund has announced it will suspend dividends for the months of…

In an attempt to bulk up its cash reserves, SFK Pulp Fund has announced it will suspend dividends for the months of January and February. The stronghold on shareholder paybacks is a continuation of a suspension the company implemented in November and December to try and shore up its coffers.

“Despite the positive signs shown by pulp markets and the reduction of global pulp inventories likely to result from the capacity curtailment announced by some of our competitors, pulp prices have remained stable since last October,” said CEO Andr Bernier.

Advertisment

The company has set a goal of having $10 million in its reserves. It plans to reassess the possibility of reinstating the dividend in March.


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*