GREENVILLE, S.C., August 20 /CNW/ - The Board of Directors of Bowater
Incorporated (NYSE: BOW) today declared a quarterly cash dividend of $0.20 per
common share payable on October 1, 2007, to holders of record at the close of
business on September 10, 2007. Simultaneously, Bowater's subsidiary, Bowater
Canada Inc., declared a quarterly cash dividend to holders of its exchangeable
shares (TSX:BWX) in the same amount with the same record and payable dates.
Bowater Incorporated, headquartered in Greenville, SC, is a leading
producer of coated and specialty papers and newsprint. In addition, the
company sells bleached market pulp and lumber products. Bowater employs
approximately 6,900 people and has 12 pulp and paper mills in the United
States, Canada and South Korea. In North America, it also operates a
converting facility and owns 10 sawmills. Bowater's operations are supported
by approximately 708,000 acres of timberlands owned or leased in the United
States and Canada and 28 million acres of timber cutting rights in Canada.
Bowater operates six recycling plants and is one of the world's largest
consumers of recycled newspapers and magazines. Bowater common stock is listed
on the New York Stock Exchange. A special class of stock exchangeable into
Bowater common stock is listed on the Toronto Stock Exchange (TSX: BWX). To
learn more, visit www.bowater.com.
For further information:
For further information: Bowater Incorporated Media Contact: Kathleen M.
Bennett, 864-282-9452 or Investor Contact: Duane A. Owens, 864-282-9488