(Image: Reuters/Washington Alves)
Vale (Vale3) announced on Tuesday (19) that its board of directors approved the distribution of dividends in the total gross value of R $ 2.14 per share. The amount was determined based on the balance of December 31, 2024.
THE cutting date for shareholders with traded papers on B3 is March 7, 2025while for the holders of American Depositary Receipts (ADRS) at NYSE, Record Date will be March 10, 2025. From March 10, Vale shares will be negotiated former B3 and NYSE.
In addition, Vale confirmed the payment of interest on equity in the total gross amount of R $ 0.52 per share, as deliberated by the Board of Directors on November 28 and December 11, 2024. JCP payment to shareholders at B3 It was December 11 2024, while for ADR holders at NYSE it was December 12, 2024.
Dividend and JCP payments are scheduled for March 14, 2025with the holders of ADRs receiving the amounts from March 21, 2025, via Citibank, depositary agent of ADRS. According to Vale, the final value per action may suffer small variations due to the action repurchase program in force.
Vale’s actions
Vale also approved a new action repurchase program. The program provides for the acquisition of up to 120 million common shares over a period of 18 months, corresponding to approximately 3.0% of the total actions in circulation.
The decision, the company said, reflects the confidence of the company’s managers from the growth prospects, as well as reinforcing the discipline in capital allocation and the commitment to the generation of value for shareholders.
The new program also takes into account the imminent closure of the current repurchase program, whereby Vale has repurchased about 34 million shares.
VALLEY DISCLAIM
The company said today that it had a net loss of US $ 694 million in the fourth quarter, compared to $ 2.4 billion in the same period of the previous year.
The result came worse than expected by analysts, which according to Lseg survey estimated a profit of $ 1.95 billion
According to Vale, the final balance line was impacted by the recognition of the reduction of the recoverable value of US $ 1.4 billion related to Thompson nickel operations and US $ 540 million related to the extension project of the Voisey’s Bay Mine, “” After a comprehensive review of the assets
from VBM ”.
Source: Moneytimes
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