14 de abril de 2015 / 21:29 / hace 2 años

Brazil's Vale approves $1 bln dividend payment

1 MIN. DE LECTURA

BRASILIA, April 14 (Reuters) - Brazilian miner Vale SA said on Tuesday it approved payment of a dividend installment of 3.1 billion reais ($1.01 billion), easing investor concerns that it might slash the payment in the face of falling iron ore prices.

Vale and other major miners were put on credit watch negative by Standard & Poor's on Monday as the rating agency slashed its iron-ore price estimates for the next couple of years.

$1=3.0623 Brazilian reais Reporting by Alonso Soto; Editing by Peter Galloway

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