Vale S.A. : Vale S.A. :Vale proposes US$ 4 billion for 2013 minimum dividend
Rio de Janeiro, January 28, 2013 - Vale S.A. (Vale) announces that its
Executive Board has approved and will submit to the Board of Directors a
proposal for the distribution of a minimum dividend of US$ 4 billion in 2013,
equivalent to US$ 0.776190372 per share for both common and preferred shares
outstanding, to be distributed in two installments, on April 30 and October
The Board of Directors will evaluate the proposal submitted by the senior
management, regarding each installment, in the meetings scheduled for April 16
and October 17, 2013.
If the proposal is approved by our Board of Directors, the payment of each
installment will be made in Brazilian reais, calculated on the basis of the
Brazilian real/US dollar exchange rate (Ptax - option 5) published by the
Central Bank of Brazil on the business day prior to the Board of Directors
meeting that approves the dividend proposal.
The proposed minimum dividend is consistent with Vale's financial policy,
which aims to provide a strong support to the exploitation of profitable
growth opportunities alongside the preservation of a sound balance sheet
simultaneously with the focus on discipline in capital allocation.
For further information, please contact:
Roberto Castello Branco: firstname.lastname@example.org
Viktor Moszkowicz: email@example.com
Carla Albano Miller: firstname.lastname@example.org
Andrea Gutman: email@example.com
Christian Perlingiere: firstname.lastname@example.org
Marcelo Correa: email@example.com
Marcio Loures Penna: firstname.lastname@example.org
Rafael Rondinelli: email@example.com
Samantha Pons: firstname.lastname@example.org
This press release may include statements that present Vale's expectations
about future events or results. All statements, when based upon expectations
about the future and not on historical facts, involve various risks and
uncertainties. Vale cannot guarantee that such statements will prove correct.
These risks and uncertainties include factors related to the following: (a)
the countries where we operate, especially Brazil and Canada; (b) the global
economy; (c) the capital markets; (d) the mining and metals prices and their
dependence on global industrial production, which is cyclical by nature; and
(e) global competition in the markets in which Vale operates. To obtain
further information on factors that may lead to results different from those
forecast by Vale, please consult the reports Vale files with the U.S.
Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores
Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The
Stock Exchange of Hong Kong Limited, and in particular the factors discussed
under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report
on Form 20-F.
Vale proposes US$ 4 billion for 2013 minimum dividend
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Vale S.A. via Thomson Reuters ONE
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