Market Overview

Vale Exec Board to Submit Proposal for Distribution of Minimum Dividend of $4B in 2013

Related VALE
Early Global News: New Alibaba Chatter, Tesla-GM Size Comparison & What Pamela Anderson And Gilead May Have In Common
Vale, BHP Billiton Shares In Free-Fall After Dam Disaster
BTG's Esteves arrested as Petrobras scandal widens (Seeking Alpha)

Vale S.A. (NYSE: Vale) announces that its Executive Board has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 4 billion in 2013, equivalent to US$ 0.776190372 per share for both common and preferred shares outstanding, to be distributed in two installments, on April 30 and October 31, 2013.

The Board of Directors will evaluate the proposal submitted by the senior management, regarding each installment, in the meetings scheduled for April 16 and October 17, 2013.

Posted-In: News Dividends


Related Articles (VALE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters