Vale S.A. (VALE) to Distribute Special Dividend of $0.31 on September 10th

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

Vale has raised its dividend payment 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. 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 Stock Up 1.1%

Shares of NYSE VALE opened at $14.87 on Tuesday. Vale has a 1 year low of $9.67 and a 1 year high of $17.94. The firm’s 50-day moving average is $14.99 and its 200-day moving average is $15.85. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. 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 quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. Vale had a net margin of 5.11% and a return on equity of 19.87%. Equities analysts expect that Vale will post 1.9 EPS for the current year.

Institutional Investors Weigh In On Vale

A number of large investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in Vale during the fourth quarter worth $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after buying an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Vale during the 4th quarter worth about $33,000. Triumph Capital Management bought a new stake in shares of Vale during the 3rd quarter worth about $34,000. Finally, Cornerstone Planning Group LLC grew its stake in Vale by 15,360.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after buying an additional 3,072 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

About Vale

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.