Anyone holding $VALE+0.3%? It made me happy for quite a long time, but now it keeps dropping and the divi cut came too. What is your thesis on this company?

VALE

Vale S.A.

VALE
$10.96 $0.04 +0.32%

Capital Structure

Market Cap
46.78B
Enterpr. Val.
56.87B
Revenue
41.77B
Shares Out.
4.28B
Debt/Capital
0.26
FCF Yield
14.99%

Valuation / Dividends

P/E
6.04
EPS
1.81
P/S
1.12
P/B
1.25
Div. Yield
13.08%
Div. Payout
77.27%

Capital Eff. / Margins

ROIC
20.34%
ROE
20.39%
ROA
8.55%
Gross
41.05%
Operating
33.25%
Net Profit
18.73%
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I don't hold the company, but it is currently near nice support.

I'm not. Despite a nice dividend, I don't like cyclical stocks. And as is usually the case, a high dividend is not sustainable, as evidenced by the post and comments here.

How much did the dividend go down? And why did it go down so drastically? I had Vale in my sights, but ended up investing in Rio for the short term.

For how drastically they cut, the payout is still not miraculously low

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