Vale S.A. Plans Special Dividend of $0.31 (NYSE:VALE)

Vale S.A. (NYSE:VALE) declared a special dividend on Friday, July 31st. Shareholders of record on Thursday, August 13th will be given a dividend of 0.3088 per share by the basic materials company on Thursday, September 10th. The ex-dividend date is Thursday, August 13th.

Vale has raised its dividend by an average of 0.3%per year over the last three years. Vale has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Vale to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 21.0%.

Vale Stock Performance

VALE opened at $14.87 on Tuesday. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 30.35 and a beta of 0.47. The business’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $15.85. Vale has a 1 year low of $9.67 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion. Equities analysts expect that Vale will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Vale

A number of hedge funds and other institutional investors have recently bought and sold shares of VALE. N.E.W. Advisory Services LLC bought a new stake in Vale in the fourth quarter valued at approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of Vale by 128.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 1,155 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Vale during the 4th quarter worth approximately $33,000. Triumph Capital Management acquired a new position in shares of Vale during the 3rd quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC raised its stake in Vale by 15,360.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,072 shares during the period. Institutional investors own 21.85% of the company’s stock.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.