Vale To Distribute To Shareholders 2.331661567 Reais Per Share; Announces Share Buyback Program Of Up To 150M Common Shares To Be Carried Out Over 18 Months
Portfolio Pulse from Benzinga Newsdesk
Vale has announced a share buyback program of up to 150 million common shares to be carried out over 18 months. Additionally, the company will distribute 2.331661567 Reais per share to its shareholders.
October 26, 2023 | 7:18 pm
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Vale's share buyback program and dividend distribution could potentially increase the stock's value in the short term.
Share buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. Additionally, dividend distributions are generally seen as a positive signal to investors, indicating the company's strong financial health.
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