Vale S.A. (VALE) To Go Ex-Dividend on December 12th

Vale S.A. (NYSE:VALE) declared a special dividend on Friday, November 28th. Shareholders of record on Friday, December 12th will be given a dividend of 0.2331 per share by the basic materials company on Wednesday, January 14th. The ex-dividend date of this dividend is Friday, December 12th.

Vale has raised its dividend payment by an average of 0.3%annually over the last three years. Vale has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vale to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.79 annual dividend with an expected future payout ratio of 37.4%.

Vale Stock Up 1.1%

Shares of VALE traded up $0.14 during trading hours on Wednesday, hitting $12.94. 2,820,122 shares of the company were exchanged, compared to its average volume of 35,401,047. The firm’s 50 day moving average is $11.91 and its 200-day moving average is $10.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.24. Vale has a 52 week low of $8.06 and a 52 week high of $13.62. The company has a market cap of $58.71 billion, a PE ratio of 9.94 and a beta of 0.57.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.39 billion. Vale had a return on equity of 18.60% and a net margin of 14.69%. On average, equities research analysts forecast that Vale will post 1.85 EPS for the current fiscal year.

Institutional Trading of Vale

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA acquired a new position in shares of Vale during the first quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC grew its position in Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,030 shares in the last quarter. CENTRAL TRUST Co bought a new position in Vale during the second quarter valued at about $34,000. Triumph Capital Management acquired a new position in Vale in the 3rd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC raised its holdings in Vale by 98.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 2,021 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.