Vale proposes to pay second, $2.1 bln dividend installment

Posted on September 30, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SAO PAULO, Sept 29 (Reuters) – Vale SA, the world’s largest producer of iron ore, proposed to board members a $2.1 billion dividend payout, the second this year, according to a securities filing on Monday.

Should the board of directors approve the payment, dividends to shareholders will total $4.2 billion this year. The company had previously approved a first installment of $2.1 billion. (Reporting by Guillermo Parra-Bernal; Editing by David Gregorio)

Source: http://www.reuters.com/article/2014/09/29/vale-sa-dividends-installment-idUSL2N0RU2LK20140929