01:27 PM EST, 02/20/2025 (MT Newswires) -- Vale (VALE) shares were over 3% higher in recent Thursday trading after the company's board approved a dividend of about 2.14 Brazilian reais per share ($0.38) and launched a share buyback program for up to 120 million shares.

The company also said that its Q4 expanded net debt stood at about $16.47 billion, roughly unchanged relative to the previous quarter.

The dividend is payable on March 14 to shareholders of record on March 10, Vale said.

Price: 10.08, Change: +0.34, Percent Change: +3.49