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Stock Market & Financial Investment News

News Breaks
February 10, 2014
08:55 EDTVALEVale Carajas license removes overhang, says Goldman
Vale announced that the Brazilian environmental agency granted the company a license for the Carajas mine to reduce the minimum radius to mine around underground caves categorized as maximum relevance from 250mts to 50mts. Goldman said the license removes a significant overhang and increases confidence in production growth. Shares are Buy rated with a $19.50 price target.
News For VALE From The Last 14 Days
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February 10, 2016
05:15 EDTVALEStocks with implied volatility movement; MNKD VALE
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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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