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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Vale S.A. (VALE) pays a $1.09 annual dividend, yielding 7.65% at $14.21/share. Next ex-dividend date 2026-08-13. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 7.65%
Annual Dividend: $1.09 per share
Payout Ratio: 203.2% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-08-13
Dividend Frequency: semi-annually
Sector: Basic Materials
Years of Dividend History: 25
Vale S.A. is one of the world's largest producers of iron ore and nickel, supplying raw materials that feed steel mills and battery supply chains globally. The Vale S.A. dividend currently yields 7.65%, placing it firmly in high-yield territory. VALE pays semi-annually, with a trailing annual rate of $1.0888 per share and the next ex-dividend date set for August 13, 2026. At a beta of 0.527, VALE stock moves at roughly half the volatility of the broader market, which appeals to income investors who want yield without extreme price swings.
Vale S.A. pays out 203.2% of earnings as dividends, a payout ratio classified as high (above 75%). That figure sits well above 100%, meaning current earnings alone do not cover the dividend. Vale S.A. dividend safety is therefore tied to the company's ability to generate cash from its iron ore and nickel operations beyond what reported earnings reflect. The most significant pressure point is that the payout ratio leaves almost no buffer if commodity prices weaken and earnings fall further.
Vale S.A. dividend history shows a CAGR of 13.4% per year from 2003 to 2025. Per-share payments grew from $0.0875 to $1.3885 over that span (2026 is a partial year and excluded from this calculation, per Vale S.A. dividend 2026 data). The largest annual increase in the window was 392.3% in 2021, though the history also contains at least one year-over-year decline exceeding 5%, so the growth path has been far from linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -1.8% | $1.47 (2022) | $1.39 (2025) |
| 5-Year | +26.6% | $0.43 (2020) | $1.39 (2025) |
| 10-Year | +16.7% | $0.30 (2015) | $1.39 (2025) |
VALE stock fits dividend investors who prioritize yield over predictability. The current yield of 7.65% is classified as high (above 4%), but it sits below the 5-year average yield of 10.96%, which reflects how much the payout has varied over time. The 13.4% long-term CAGR looks impressive on paper, yet the history includes sharp cuts alongside sharp recoveries, driven by commodity cycles in iron ore and nickel. What an investor gets here is a high nominal yield from a globally scaled raw materials producer. What they accept is a payout ratio above 200% and a dividend that has moved dramatically in both directions depending on earnings.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-13 | $0.3953 |
| 2025-12-12 | $0.6684 |
| 2025-08-13 | $0.3475 |
| 2025-03-10 | $0.3726 |
| 2024-12-12 | $0.0905 |
| 2024-08-05 | $0.3713 |
| 2024-03-12 | $0.5436 |
| 2023-11-22 | $0.4738 |
| 2023-08-14 | $0.4056 |
| 2023-03-14 | $0.3470 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3953 |
| 2025 | $1.3885 |
| 2024 | $1.0054 |
| 2023 | $1.2264 |
| 2022 | $1.4669 |
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