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.

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