Vale (VALE3) approves a dividend of approximately R$2.74 per share

Vale (VALE3) approves a dividend of approximately R$2.74 per share

The Board of Directors of Vale (VALE) approved this Thursday (22) the distribution of dividends with a total amount of R$ 2.738617408 per share, calculated according to the balance sheet as of December 31, 2023.

The dividend payment deadline for those who own shares traded on B3 will be March 11, 2024, with payment beginning on March 19. The standard date for payment of dividends to holders of American Depositary Receipts (“ADRs”) traded on the New York Stock Exchange (“NYSE”) will be March 13, with payment beginning on March 26. Therefore, the shares will trade ex-dividend on B3 and the NYSE as of March 12, 2024.

According to the mining company, the amount distributed is in line with its shareholder remuneration policy.

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“The amount of dividends to be paid per share may vary slightly until the deadlines as a result of the share repurchase program, affecting the number of treasury shares. If so, the company will issue a new notice to shareholders informing them of the final value per share.

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