Vale S.A. Declares Special Dividend of $0.31 (NYSE:VALE)

Vale S.A. (NYSE:VALE) announced a special dividend on Friday, July 31st. Investors of record on Thursday, August 13th will be paid a dividend of 0.3088 per share by the basic materials company on Thursday, September 10th. The ex-dividend date of this dividend is Thursday, August 13th.

Vale has increased its dividend by an average of 0.3%annually over the last three years. Vale has a payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vale to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 21.0%.

Vale Price Performance

VALE opened at $14.87 on Tuesday. The business’s 50-day moving average is $14.99 and its two-hundred day moving average is $15.85. Vale has a 1 year low of $9.67 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The firm has a market capitalization of $67.50 billion, a PE ratio of 30.35 and a beta of 0.47.

Vale (NYSE:VALE) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. Research analysts anticipate that Vale will post 1.9 earnings per share for the current fiscal year.

Institutional Trading of Vale

Several large investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its stake in Vale by 2,239.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after purchasing an additional 39,818,066 shares in the last quarter. Capital World Investors grew its holdings in shares of Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after buying an additional 32,864,929 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after buying an additional 19,397,396 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Vale by 15,202.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock valued at $249,209,000 after acquiring an additional 15,561,279 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Vale by 119.9% in the 1st quarter. Bank of America Corp DE now owns 21,837,416 shares of the basic materials company’s stock valued at $347,433,000 after acquiring an additional 11,905,247 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.