Dividend minimized for Vale SA (NYSE:VALE)

Vale SA (NYSE:VALE) is a company based out of Brazil and it deals in metals and mining. The services that the company offers are divided into 4 different segments. The Bulk Material segment which includes the extraction of iron-ore, ferroalloys and manganese; pellet production is also a part of this segment. Next up is the Basic metals segment which includes the production of non ferrous metals like copper, aluminum and nickel. The Fertilizer segment produces nitrogen, potash and phosphate. The Logistic Segment looks after the cargo-transportation by rail, ship and ports to third parties and within the company.

In the latest statement issued by the company, it was announced that the share holders of the preferred and common stock would be given 43 cents per share as the second installment of the minimum-dividend payout. This takes the total payment made by the company to shareholders to $4.5 billion for this year which is already higher than the projections made back in January. The company has been trying to sell off assets and cut down costs so that it can focus on the core functions. The fact that the company is still dealing with the drop in the value of its shares in an effort to recover margins from previous years is also something worth considering here. In 2012 the company paid-out $6 billion as dividend which was half of what was returned to shareholders, that also includes several buybacks that the company had sanctioned in 2011.

In the most recent trading on Wednesday, Vale SA stock rose slightly by 0.61 percent. The intraday high price of the shares was at $16.61 which dipped to $16.41 at close, the opening price was $16.44. The average volume of shares of Vale SA traded over the past 30 days is around 18.04 million shares, on Wednesday however 13.53 million shares saw trading. The lowest that the shares for Vale SA have been over 52 weeks is $12.39 and the highest during the same time period is $21.88.

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