Brazil’s Vale proposes $6 billion minimum dividend

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.

 Read more…

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 5,346 other followers

%d bloggers like this: