The world's largest iron ore mining company, Brazil-based Vale, announced Friday that its Board of Directors has approved the payment of the extraordinary dividend to shareholders totaling US$ 1 billion (R$1,670,100,000) or US$ 0.1916 (R$ 0.3200) per outstanding common share (5,218,279,144).
The extraordinary dividend will be made in the form of interest on capital and will be made from January 31, 2011 onwards.