Vale Exec Board to Submit Proposal for Distribution of Minimum Dividend of $4B in 2013
Vale S.A. (NYSE: Vale) announces that its Executive Board has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 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.
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