Mineweb.com reports that diversified miner Vale (NYSE:VALE) will be paying a dividend of at least $4bln this year.
The editorial is quoted as saying:
While Vale has for some time been mulling such 2011 dividend disbursements, media reports in the UK have it that individual institutional shareholders are “campaigning” BHP Billiton, the world’s biggest diversified resources group, and Rio Tinto, the No 3 by market value (Vale is No 2), to return cash to shareholders, mainly by way of stock buybacks
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