Distribution of Vale's dividends

Vale's recently announced distribution of dividends is drawing the attention of those looking for a good investment.

Thus, Vale announced the distribution of dividends of R$ 8.13 billion, thus, the amount paid per share will be R$ 1.827.

Thus leaving the investor market excited about this moment. In the balance sheet carried out on September 30, 2022, it was clear that this was the amount.

For those who don't know, dividend is a portion of a company's profits that its shareholders will receive. Thus, all Vale shareholders are waiting anxiously.

There may still be some small change in the amount paid per share, according to Vale itself. However, expectations grew after the announcement of Vale's dividend payment.

What will be the cut-off date for the distribution of dividends by Vale?

At first, the cut-off date is set for March 13, the day before Vale's shares are traded.

However, there is a difference between shares traded on B3 and shares traded on American Depositary Receipts.

For shares traded on American Depositary Receipts, the cut-off date will only be March 15th.

Thus, from the 14th, Vale's shares ex-dividends will be traded from the 14th of March on the B3 and American Depositary Receipts.

And there is another important piece of information, the company declared that it will pay interest on equity, that's right.

The amount will reach R$ 1.319 billion which corresponds to a gross total of R$ 0.292012688 per share. This amount has already been approved by the company's Board of Directors.

What is the dividend payment date?

First, the news of Vale's dividend distribution came at a good time. Being a boost to the economy that goes through moments of instability.

Many investors are awaiting the course of monetary policy taken by the government this year. For only after this positioning understand the directions that the market should take.

Even for these days the interest rate must be set, it is not yet known whether the government will increase the interest rate. All this interferes directly in the market.

In view of this scenario, the date was set at March 22. Thus, holders of American Depositary Receipts will receive through Citibank.

This receipt will only occur from March 29th.

What is the total amount paid by the mining company?

Finally, the amount paid by the mining company will reach R$ 9.4493 billion, this will be the total amount paid for the year 2022.

This value is equivalent to R$ 2.119658821 per share, so we cannot say that this was the mining company's best year.

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However, Vale is still a company that pays good dividends to its shareholders, and is still an interesting investment.

Due to the high quality of the iron ore, which does not even need purification, Vale is a very stable company.

In this way, with a low production cost, Vale will continue to pay good dividends to its shareholders.