Matthew Cowley – WSJ, 01/16/2012
Brazilian mining giant Vale SA on Monday said it has proposed a $6 billion minimum dividend payment for 2012, which would be a 50% increase from the 2011 minimum payment.
In 2011, the company paid out a record $9 billion to shareholders in dividends, more than twice the $4 billion minimum payment it laid down at the beginning of the year.
The proposal has been submitted to the board of directors for approval, Vale said.
