Vale S.A. ( NYSE:VALE – Get Rating ) announced a semi-annual dividend on Thursday, February 16th, Wall Street Journal reports. Shareholders of record on Wednesday, March 15th will be given a dividend of 0.3542 per share by the basic materials company on Wednesday, March 29th. This represents a yield of 6.1%. The ex-dividend date is Tuesday, March 14th. This is a boost from Vale's previous semi-annual dividend of $0.05. Vale has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings.

https://www.dailypolitical.com/2023/03/12/vale-s-a-vale-to-issue-semi-annual-dividend-of-0-35-on-march-29th.html

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