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Source: https://www.mining.com/web/vale-set-to-join-peers-in-doling-out-more-mining-windfall/
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Vale, the world’s second-largest iron ore producer, appears set to raise its dividend, joining other miners that are boosting payouts on the back of surging metal prices.
Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September. The stock has almost doubled in the past year to about 98 reais ($17.85).
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Vale, the world’s second-largest iron ore producer, appears set to raise its dividend, joining other miners that are boosting payouts on the back of surging metal prices.
Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September. The stock has almost doubled in the past year to about 98 reais ($17.85).
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