iShares Latin America 40 ETF Price & Performance (ILF)

Vale S.A. has announced a $1.98 billion dividend payout, yielding 10.4%, alongside the renewal of a 120 million share buyback program. Despite a 22% revenue drop in Q4 and a 40% decline in EBITDA, the company remains optimistic, projecting increased iron ore production and reduced costs through 2026.1

Vale anticipates producing 325-335 Mt of iron ore in FY25, with costs expected to drop further by 2026. The company highlights operational efficiency and safety improvements, including significant progress in dam decharacterization. Despite Q4 challenges, Vale's strategic priorities signal a strong year ahead.1

Vale's focus on higher-margin products and cost efficiency is paying off as the company reports its highest iron ore production since 2018. Projections for 2025 include substantial production increases and lower costs, supported by new project ramp-ups and a shift to premium product offerings.1