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Vale SA (NYSE:VALE) announced that it has proposed a minimum dividend of US$2 billion for 2015. It would be distributed in two equal tranches on April 30 and October 30.
Vale SA (NYSE:VALE) announced that it has proposed a minimum dividend of US$2 billion for 2015. It would be distributed in two equal tranches on April 30 and October 30.
As quoted in the press release:
The dividend proposed preserves Vale’s sound capital structure and is consistent with the current scenario, in which we will invest to complete our key growth projects such as S11D while facing an environment of lower and volatile commodities prices. Vale reassures with this proposal its commitment to maintain its investment grade.