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Stock Market & Financial Investment News

News Breaks
May 14, 2014
06:25 EDTRIO, VALERio assures Guinea that Vale conflict won't hinder $20B plan, Bloomberg saysVale
Rio Tinto (RIO) has assured the West African nation of Guinea that it its disagreement with Vale (VALE) regarding rights to the world’s largest unused iron-ore deposit won’t hinder a plan to construct a mine that is projected to cost nearly $20B, according to Bloomberg, citing comments in a letter from CEO of Rio's diamonds and minerals unit, Alan Davies. Reference Link
News For RIO;VALE From The Last 14 Days
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February 11, 2016
05:53 EDTRIORio Tinto halts progressive dividend policy due to market uncertainty
With the continuing uncertain market outlook, the board believes that maintaining the current progressive dividend policy would constrain the business and act against shareholders' long-term interests. The company is therefore replacing the progressive dividend policy with a more flexible approach that will allow the distribution of returns reflect better the company's position and outlook. For 2016, Rio Tinto intends that the full year dividend will not be less than $1.10 per share.
05:52 EDTRIORio Tinto to cut operating costs by further $1B in 2016 followed by $1B in 2017
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February 10, 2016
05:15 EDTVALEStocks with implied volatility movement; MNKD VALE
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February 4, 2016
11:21 EDTRIOOptions with increasing call volume; FMC HST XME RIO BHP PAY DNDK BSX ALLY SWFT
February 1, 2016
05:15 EDTVALEStocks with implied volatility movement; VALE GPRO
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January 29, 2016
06:55 EDTVALEVale proposing 'zero' dividend this year to save cash, WSJ says
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January 28, 2016
17:20 EDTVALEVale board to consider zero dividend for 2016
Vale announced that, in compliance with its dividend policy and due to price volatility in mineral commodities, its executive board has approved and will submit to the board of directors a proposal for a minimum dividend equal to zero for 2016. "As the year progresses and we have more clarity on the market scenario, the board of directors may decide on the distribution of some remuneration to shareholders, provided that there is sufficient cash flow generation," the company said. In addition, in order to better align Vale's dividend policy with the current environment of commodity prices uncertainty, the executive board will submit to the board of directors a proposal to revise the current dividend policy. If approved by the board, the implementation of the proposal will be subject to approval at Vale's April shareholders meeting. Reference Link

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