Market Overview

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

Related VALE
Mid-Afternoon Market Update: Markets Trade in Highly Volatile Session as Talk of a Pull-Back is Widespread
Mid-Day Market Update: US Stocks Turn Red; Pep Boys Shares Drop After Q4 Results

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

 

Most Popular

Related Articles (VALE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free