Vale S.A. (VALE) To Go Ex-Dividend on August 5th

Vale S.A. (NYSE:VALE) announced a semi-annual dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Monday, August 5th will be paid a dividend of 0.3698 per share by the basic materials company on Wednesday, September 11th. This represents a yield of 12.1%. The ex-dividend date of this dividend is Monday, August 5th. This is a boost from Vale’s previous semi-annual dividend of $0.32.

Vale has raised its dividend payment by an average of 61.4% per year over the last three years.

Vale Stock Down 1.1 %

VALE stock opened at $10.37 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.79. Vale has a 52-week low of $10.35 and a 52-week high of $16.08. The company has a 50-day moving average of $11.30 and a two-hundred day moving average of $12.30. The stock has a market capitalization of $46.47 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 3.57 and a beta of 0.96.

Analyst Ratings Changes

VALE has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a report on Friday, June 21st. UBS Group decreased their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, July 5th. Morgan Stanley decreased their price target on shares of Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a report on Friday, June 21st. Finally, Wolfe Research cut shares of Vale from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Vale has a consensus rating of “Moderate Buy” and an average price target of $16.72.

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.