Vale S.A. (NYSE:VALE) Announces Semi-annual Dividend of $0.34

Key Points

• Vale S.A. declared a semi-annual dividend of $0.34 per share, with a yield of 740.0%, payable on September 10th to investors recorded by August 13th.
• The stock is currently trading at $9.85, showing a 1.4% increase with a market cap of $44.69 billion, and has a P/E ratio of 8.00.
• Analysts have given Vale a consensus price target of $11.84, with ratings including six "hold" and five "buy" recommendations.

Vale S.A. (NYSE:VALE - Get Free Report) declared a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Wednesday, August 13th will be given a dividend of 0.3417 per share by the basic materials company on Wednesday, September 10th. This represents a yield of 740.0%. The ex-dividend date of this dividend is Wednesday, August 13th.

Vale Stock Up 1.4%

NYSE:VALE traded up $0.14 during mid-day trading on Monday, reaching $9.85. The stock had a trading volume of 52,284,816 shares, compared to its average volume of 38,370,133. The business's 50 day moving average is $9.68 and its 200 day moving average is $9.56. Vale has a fifty-two week low of $8.06 and a fifty-two week high of $12.05. The stock has a market cap of $44.69 billion, a P/E ratio of 8.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. Vale had a return on equity of 18.58% and a net margin of 14.23%. The firm had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $9.54 billion. As a group, sell-side analysts predict that Vale will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VALE shares. Wall Street Zen started coverage on shares of Vale in a research note on Wednesday, May 7th. They issued a "hold" rating on the stock. UBS Group raised their price objective on shares of Vale from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Monday. CICC Research assumed coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective on the stock. Scotiabank reduced their target price on Vale from $13.00 to $12.50 and set a "sector perform" rating for the company in a research report on Tuesday, July 22nd. Finally, Barclays raised their target price on Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $11.84.

Vale Company Profile

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.

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