Key facts: Vale's Q3 net profit rises 11% to $2.69 billion; special dividends hinted
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- Vale's CFO Marcelo Bacci hinted at special dividends soon, backed by strong cash flow and stable iron ore prices over $100 per ton. Net profit rose 11% year-over-year.1
- Vale reported a net profit of $2.69 billion for the third quarter, exceeding analysts' expectations of $2.1 billion, and marking an 11% increase year-over-year.2