Vale S.A. (VALE) to Issue Semi-annual Dividend of $0.38 on March 21st

Vale S.A. (NYSE:VALE) announced a semi-annual dividend on Thursday, February 20th, NASDAQ Dividends reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.3758 per share by the basic materials company on Friday, March 21st. This represents a dividend yield of 7.5%. The ex-dividend date is Monday, March 10th. This is a 27.4% increase from Vale’s previous semi-annual dividend of $0.30.

Vale Stock Up 1.4 %

NYSE VALE opened at $9.92 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company’s 50 day simple moving average is $9.26 and its 200 day simple moving average is $9.95. Vale has a 12 month low of $8.38 and a 12 month high of $13.40. The company has a market capitalization of $45.00 billion, a P/E ratio of 6.89, a PEG ratio of 0.31 and a beta of 0.91.

Vale (NYSE:VALE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. Equities research analysts expect that Vale will post 1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on VALE. Scotiabank dropped their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. StockNews.com cut Vale from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. UBS Group cut Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Jefferies Financial Group lowered their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Barclays lowered their price target on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.26.

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.