Vale SA (vale) to Issue Annual Dividend of $0.04 on December 23rd
Vale SA (NYSE:vale) announced an annual dividend on Wednesday, November 30th. Investors of record on Tuesday, December 6th will be given a dividend of 0.041 per share on Friday, December 23rd. The ex-dividend date is Friday, December 2nd.
Vale SA (NYSE:VALE) opened at 8.49 on Thursday. Vale SA has a one year low of $2.13 and a one year high of $9.18. The firm’s market capitalization is $43.75 billion. The firm has a 50-day moving average price of $6.95 and a 200 day moving average price of $5.59.
Vale SA (NYSE:VALE) last announced its earnings results on Thursday, October 27th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Vale SA had a negative net margin of 19.99% and a positive return on equity of 2.90%. Analysts anticipate that Vale SA will post $0.76 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the stock. BMO Capital Markets reiterated an “underperform” rating and set a $5.00 price objective on shares of Vale SA in a research note on Wednesday. Vetr upgraded shares of Vale SA from a “buy” rating to a “strong-buy” rating and set a $8.87 price objective for the company in a research note on Monday, November 14th. Citigroup Inc. upgraded shares of Vale SA from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $4.40 to $7.30 in a research note on Tuesday, November 1st. Itau Unibanco Holding S.A. upgraded shares of Vale SA to a “buy” rating in a research note on Thursday, October 20th. Finally, Itau BBA Securities upgraded shares of Vale SA from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.86.
About Vale SA
Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.
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