15
Apr
01:00
Vale pays first instalment of 2015 dividend
Brazil’s Vale tells Kallanish that its board of directors has approved payment of the first instalment of the miner’s 2015 minimum dividend.
The dividend, worth $1 billion ((BRL 3,101,100,000), is equivalent to US$ 0.194047593 (BRL 0.601760991) per outstanding common or preferred share, Vale says. It is based on the number of shares on 14 April 2015 (5,153,374,926), being in the form of interest on capital.
Payment of the dividend to …
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