<p><strong>淡水河谷</strong> (BVMF:VALE3) 將在接下來的四天內開始除息。除息日通常發生在記錄日的前兩天，記錄日是股東需要在公司賬簿上登記以便獲得股息的那一天。除息日很重要，因為任何股票交易必須在記錄日之前結算，才能有資格獲得股息。這意味着在 12 月 12 日或之後購買淡水河谷股票的投資者將無法獲得將在 3 月 4 日支付的股息。</p>
<p>該公司下一次的股息支付將為每股 3.5817709 雷亞爾，在過去 12 個月中，公司總共支付了每股 5.48 雷亞爾的股息。根據過去 12 個月的分配情況，淡水河谷在當前股價 70.22 雷亞爾上，具有約 7.8% 的歷史收益率。股息是許多股東的重要收入來源，但企業的健康狀況對維持這些股息至關重要。因此，我們需要檢查股息支付是否有保障，以及收益是否在增長。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
<p>股息通常是從公司利潤中支付的，因此如果一家公司支付的股息超過其賺取的利潤，那麼其股息通常面臨更大的削減風險。這就是為什麼看到淡水河谷支付了適度的 38% 收益是件好事。一個有用的次要檢查是評估淡水河谷是否產生了足夠的自由現金流來支付其股息。去年，淡水河谷支付的自由現金流超過了其產生的現金流——具體來説是 121%——我們認為這令人擔憂。我們對公司去年支付的現金超過其產生的現金流的原因感到好奇，因為這可能是股息不可持續的早期跡象之一。</p>
<p>淡水河谷支付的股息少於其報告的利潤，但不幸的是，它沒有產生足夠的現金來覆蓋股息。如果這種情況反覆發生，將對淡水河谷維持其股息的能力構成風險。</p>
<p>查看我們對淡水河谷的最新分析</p>
<p>點擊這裏查看公司的派息比率，以及分析師對其未來股息的估計。</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 歷史股息 2025 年 12 月 7 日</p>
<h2>收益和股息是否在增長？</h2>
<p>具有強勁增長前景的企業通常是最佳的股息支付者，因為當每股收益改善時，增長股息會更容易。如果企業進入低迷期並削減股息，公司可能會看到其價值急劇下降。這就是為什麼看到淡水河谷的收益在過去五年中每年增長 56% 令人感到欣慰。收益增長迅速，但我們擔心過去一年股息支付消耗了公司大部分現金流。</p>
<p>大多數投資者評估公司股息前景的主要方式是檢查歷史股息增長率。自我們數據開始以來，淡水河谷的股息平均每年增長約 11%。最近，每股收益和股息都在快速增長，這令人欣慰。</p>
<h2>最終總結</h2>
<p>淡水河谷是一隻有吸引力的股息股票，還是更適合放在一邊？我們喜歡淡水河谷成功以良好的速度增長每股收益，並將大部分利潤再投資於業務。然而，我們對高現金流支付比率表示一些擔憂。可能值得研究公司是否在再投資於能夠在未來增長收益和股息的增長項目，但目前我們對其股息前景並不太樂觀。</p>
<p>因此，儘管從股息的角度來看淡水河谷表現良好，但始終保持對該股票相關風險的瞭解是值得的。例如，我們發現了 <strong>淡水河谷的 3 個警告信號</strong>，我們建議您在投資該業務之前考慮這些信號。</p>
<p>一個常見的投資錯誤是購買你看到的第一個有趣的股票。在這裏你可以找到 <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）將在四天後除息，3 月 4 日每股派息為 3.5817709 雷亞爾。該公司的歷史收益率為 7.8%，但去年支付的股息佔其自由現金流的 121%，引發了對股息可持續性的擔憂。儘管過去五年每年盈利增長 56%，但高現金流支付比率令人擔憂。淡水河谷的股息在過去十年中每年增長 11%，但投資者應謹慎對待潛在風險</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) 將在接下來的四天內開始除息。除息日通常發生在記錄日的前兩天，記錄日是股東需要在公司賬簿上登記以便獲得股息的那一天。除息日很重要，因為任何股票交易必須在記錄日之前結算，才能有資格獲得股息。這意味着在 12 月 12 日或之後購買淡水河谷股票的投資者將無法獲得將在 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>該公司下一次的股息支付將為每股 3.5817709 雷亞爾，在過去 12 個月中，公司總共支付了每股 5.48 雷亞爾的股息。根據過去 12 個月的分配情況，淡水河谷在當前股價 70.22 雷亞爾上，具有約 7.8% 的歷史收益率。股息是許多股東的重要收入來源，但企業的健康狀況對維持這些股息至關重要。因此，我們需要檢查股息支付是否有保障，以及收益是否在增長。</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>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</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>股息通常是從公司利潤中支付的，因此如果一家公司支付的股息超過其賺取的利潤，那麼其股息通常面臨更大的削減風險。這就是為什麼看到淡水河谷支付了適度的 38% 收益是件好事。一個有用的次要檢查是評估淡水河谷是否產生了足夠的自由現金流來支付其股息。去年，淡水河谷支付的自由現金流超過了其產生的現金流——具體來説是 121%——我們認為這令人擔憂。我們對公司去年支付的現金超過其產生的現金流的原因感到好奇，因為這可能是股息不可持續的早期跡象之一。</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於其報告的利潤，但不幸的是，它沒有產生足夠的現金來覆蓋股息。如果這種情況反覆發生，將對淡水河谷維持其股息的能力構成風險。</p>
</div><p>Check out our latest analysis for Vale</p>
<div class="lb-trans"><p>查看我們對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>點擊這裏查看公司的派息比率，以及分析師對其未來股息的估計。</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 歷史股息 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長？</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>具有強勁增長前景的企業通常是最佳的股息支付者，因為當每股收益改善時，增長股息會更容易。如果企業進入低迷期並削減股息，公司可能會看到其價值急劇下降。這就是為什麼看到淡水河谷的收益在過去五年中每年增長 56% 令人感到欣慰。收益增長迅速，但我們擔心過去一年股息支付消耗了公司大部分現金流。</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>大多數投資者評估公司股息前景的主要方式是檢查歷史股息增長率。自我們數據開始以來，淡水河谷的股息平均每年增長約 11%。最近，每股收益和股息都在快速增長，這令人欣慰。</p>
</div><h2>Final Takeaway</h2>
<div class="lb-trans"><h2>最終總結</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>淡水河谷是一隻有吸引力的股息股票，還是更適合放在一邊？我們喜歡淡水河谷成功以良好的速度增長每股收益，並將大部分利潤再投資於業務。然而，我們對高現金流支付比率表示一些擔憂。可能值得研究公司是否在再投資於能夠在未來增長收益和股息的增長項目，但目前我們對其股息前景並不太樂觀。</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，儘管從股息的角度來看淡水河谷表現良好，但始終保持對該股票相關風險的瞭解是值得的。例如，我們發現了 <strong>淡水河谷的 3 個警告信號</strong>，我們建議您在投資該業務之前考慮這些信號。</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>一個常見的投資錯誤是購買你看到的第一個有趣的股票。在這裏你可以找到 <strong>高收益股息股票的完整列表。</strong></p>
</div>

距離淡水河谷（BVMF:VALE3）除息日還有四天