<p><strong>淡水河谷</strong> (BVMF:VALE3) 将在接下来的四天内开始除息。除息日通常发生在记录日的前两天，记录日是股东需要在公司账簿上登记以便获得股息的那一天。除息日很重要，因为任何股票交易必须在记录日之前结算，才能有资格获得股息。这意味着在 12 月 12 日或之后购买淡水河谷股票的投资者将无法获得将在 3 月 4 日支付的股息。</p>
<p>该公司下一次的股息支付将为每股 3.5817709 雷亚尔，在过去 12 个月中，公司总共支付了每股 5.48 雷亚尔的股息。根据过去 12 个月的分配情况，淡水河谷在当前股价 70.22 雷亚尔上，具有约 7.8% 的历史收益率。股息是许多股东的重要收入来源，但企业的健康状况对维持这些股息至关重要。因此，我们需要检查股息支付是否有保障，以及收益是否在增长。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>股息通常是从公司利润中支付的，因此如果一家公司支付的股息超过其赚取的利润，那么其股息通常面临更大的削减风险。这就是为什么看到淡水河谷支付了适度的 38% 收益是件好事。一个有用的次要检查是评估淡水河谷是否产生了足够的自由现金流来支付其股息。去年，淡水河谷支付的自由现金流超过了其产生的现金流——具体来说是 121%——我们认为这令人担忧。我们对公司去年支付的现金超过其产生的现金流的原因感到好奇，因为这可能是股息不可持续的早期迹象之一。</p>
<p>淡水河谷支付的股息少于其报告的利润，但不幸的是，它没有产生足够的现金来覆盖股息。如果这种情况反复发生，将对淡水河谷维持其股息的能力构成风险。</p>
<p>查看我们对淡水河谷的最新分析</p>
<p>点击这里查看公司的派息比率，以及分析师对其未来股息的估计。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874225-historic-dividend-1-dark-2/1765105201922?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1642" height="988" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874225-historic-dividend-1-dark-2/1765105201922"/></p>
<p>BOVESPA:VALE3 历史股息 2025 年 12 月 7 日</p>
<h2>收益和股息是否在增长？</h2>
<p>具有强劲增长前景的企业通常是最佳的股息支付者，因为当每股收益改善时，增长股息会更容易。如果企业进入低迷期并削减股息，公司可能会看到其价值急剧下降。这就是为什么看到淡水河谷的收益在过去五年中每年增长 56% 令人感到欣慰。收益增长迅速，但我们担心过去一年股息支付消耗了公司大部分现金流。</p>
<p>大多数投资者评估公司股息前景的主要方式是检查历史股息增长率。自我们数据开始以来，淡水河谷的股息平均每年增长约 11%。最近，每股收益和股息都在快速增长，这令人欣慰。</p>
<h2>最终总结</h2>
<p>淡水河谷是一只有吸引力的股息股票，还是更适合放在一边？我们喜欢淡水河谷成功以良好的速度增长每股收益，并将大部分利润再投资于业务。然而，我们对高现金流支付比率表示一些担忧。可能值得研究公司是否在再投资于能够在未来增长收益和股息的增长项目，但目前我们对其股息前景并不太乐观。</p>
<p>因此，尽管从股息的角度来看淡水河谷表现良好，但始终保持对该股票相关风险的了解是值得的。例如，我们发现了 <strong>淡水河谷的 3 个警告信号</strong>，我们建议您在投资该业务之前考虑这些信号。</p>
<p>一个常见的投资错误是购买你看到的第一个有趣的股票。在这里你可以找到 <strong>高收益股息股票的完整列表。</strong></p>

淡水河谷

<p>淡水河谷（Vale S.A.，BVMF:VALE3）将在四天后除息，3 月 4 日每股派息为 3.5817709 雷亚尔。该公司的历史收益率为 7.8%，但去年支付的股息占其自由现金流的 121%，引发了对股息可持续性的担忧。尽管过去五年每年盈利增长 56%，但高现金流支付比率令人担忧。淡水河谷的股息在过去十年中每年增长 11%，但投资者应谨慎对待潜在风险</p>

<p><strong>Vale S.A.</strong> (BVMF:VALE3) is about to trade ex-dividend in the next four days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Vale's shares on or after the 12th of December will not receive the dividend, which will be paid on the 4th of March.</p>
<div class="lb-trans"><p><strong>淡水河谷</strong> (BVMF:VALE3) 将在接下来的四天内开始除息。除息日通常发生在记录日的前两天，记录日是股东需要在公司账簿上登记以便获得股息的那一天。除息日很重要，因为任何股票交易必须在记录日之前结算，才能有资格获得股息。这意味着在 12 月 12 日或之后购买淡水河谷股票的投资者将无法获得将在 3 月 4 日支付的股息。</p>
</div><p>The company's next dividend payment will be R$3.5817709 per share, and in the last 12 months, the company paid a total of R$5.48 per share. Looking at the last 12 months of distributions, Vale has a trailing yield of approximately 7.8% on its current stock price of R$70.22. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.</p>
<div class="lb-trans"><p>该公司下一次的股息支付将为每股 3.5817709 雷亚尔，在过去 12 个月中，公司总共支付了每股 5.48 雷亚尔的股息。根据过去 12 个月的分配情况，淡水河谷在当前股价 70.22 雷亚尔上，具有约 7.8% 的历史收益率。股息是许多股东的重要收入来源，但企业的健康状况对维持这些股息至关重要。因此，我们需要检查股息支付是否有保障，以及收益是否在增长。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><p>Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Vale paying out a modest 38% of its earnings. A useful secondary check can be to evaluate whether Vale generated enough free cash flow to afford its dividend. Vale paid out more free cash flow than it generated - 121%, to be precise - last year, which we think is concerningly high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.</p>
<div class="lb-trans"><p>股息通常是从公司利润中支付的，因此如果一家公司支付的股息超过其赚取的利润，那么其股息通常面临更大的削减风险。这就是为什么看到淡水河谷支付了适度的 38% 收益是件好事。一个有用的次要检查是评估淡水河谷是否产生了足够的自由现金流来支付其股息。去年，淡水河谷支付的自由现金流超过了其产生的现金流——具体来说是 121%——我们认为这令人担忧。我们对公司去年支付的现金超过其产生的现金流的原因感到好奇，因为这可能是股息不可持续的早期迹象之一。</p>
</div><p>Vale paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Vale's ability to maintain its dividend.</p>
<div class="lb-trans"><p>淡水河谷支付的股息少于其报告的利润，但不幸的是，它没有产生足够的现金来覆盖股息。如果这种情况反复发生，将对淡水河谷维持其股息的能力构成风险。</p>
</div><p>Check out our latest analysis for Vale</p>
<div class="lb-trans"><p>查看我们对淡水河谷的最新分析</p>
</div><p>Click here to see the company's payout ratio, plus analyst estimates of its future dividends.</p>
<div class="lb-trans"><p>点击这里查看公司的派息比率，以及分析师对其未来股息的估计。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/874225-historic-dividend-1-dark-2/1765105201922" alt="" original-src="https://images.simplywall.st/asset/chart/874225-historic-dividend-1-dark-2/1765105201922"/></p>
<p>BOVESPA:VALE3 Historic Dividend December 7th 2025</p>
<div class="lb-trans"><p>BOVESPA:VALE3 历史股息 2025 年 12 月 7 日</p>
</div><h2>Have Earnings And Dividends Been Growing?</h2>
<div class="lb-trans"><h2>收益和股息是否在增长？</h2>
</div><p>Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Vale's earnings have been skyrocketing, up 56% per annum for the past five years. Earnings have been growing quickly, but we're concerned dividend payments consumed most of the company's cash flow over the past year.</p>
<div class="lb-trans"><p>具有强劲增长前景的企业通常是最佳的股息支付者，因为当每股收益改善时，增长股息会更容易。如果企业进入低迷期并削减股息，公司可能会看到其价值急剧下降。这就是为什么看到淡水河谷的收益在过去五年中每年增长 56% 令人感到欣慰。收益增长迅速，但我们担心过去一年股息支付消耗了公司大部分现金流。</p>
</div><p>The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Vale has lifted its dividend by approximately 11% a year on average. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see.</p>
<div class="lb-trans"><p>大多数投资者评估公司股息前景的主要方式是检查历史股息增长率。自我们数据开始以来，淡水河谷的股息平均每年增长约 11%。最近，每股收益和股息都在快速增长，这令人欣慰。</p>
</div><h2>Final Takeaway</h2>
<div class="lb-trans"><h2>最终总结</h2>
</div><p>Is Vale an attractive dividend stock, or better left on the shelf? We like that Vale has been successfully growing its earnings per share at a nice rate and reinvesting most of its profits in the business. However, we note the high cashflow payout ratio with some concern. It might be worth researching if the company is reinvesting in growth projects that could grow earnings and dividends in the future, but for now we're not all that optimistic on its dividend prospects.</p>
<div class="lb-trans"><p>淡水河谷是一只有吸引力的股息股票，还是更适合放在一边？我们喜欢淡水河谷成功以良好的速度增长每股收益，并将大部分利润再投资于业务。然而，我们对高现金流支付比率表示一些担忧。可能值得研究公司是否在再投资于能够在未来增长收益和股息的增长项目，但目前我们对其股息前景并不太乐观。</p>
</div><p>So while Vale looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example, we've found <strong>3 warning signs for Vale</strong> that we recommend you consider before investing in the business.</p>
<div class="lb-trans"><p>因此，尽管从股息的角度来看淡水河谷表现良好，但始终保持对该股票相关风险的了解是值得的。例如，我们发现了 <strong>淡水河谷的 3 个警告信号</strong>，我们建议您在投资该业务之前考虑这些信号。</p>
</div><p>A common investing mistake is buying the first interesting stock you see. Here you can find <strong>a full list of high-yield dividend stocks.</strong></p>
<div class="lb-trans"><p>一个常见的投资错误是购买你看到的第一个有趣的股票。在这里你可以找到 <strong>高收益股息股票的完整列表。</strong></p>
</div>

距离淡水河谷（BVMF:VALE3）除息日还有四天