Anyone holding $VALE-0.4%? 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
$14.04 -$0.05 -0.35%
1 Day
-0.43%
5 Days
+1.89%
1 Month
+0.29%
6 Months
-14.96%
1 Year
-10.15%
YTD
-12.19%
5 Years
+43.6%
Max.
+1,455.4%

Capital Structure

Market Cap
62.19B
Enterpr. Val.
73.31B
Revenue
43.84B
Shares Out.
4.43B
Debt/Capital
0.30
FCF Yield
11.33%

Valuation / Dividends

P/E
4.20
EPS
3.34
P/S
1.50
P/B
1.67
Div. Yield
7.81%
Div. Payout
79.81%

Capital Eff. / Margins

ROIC
16.78%
ROE
39.91%
ROA
16.18%
Gross
41.26%
Operating
32.53%
Net Profit
34.15%
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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.

What do you mean short-term? I'm still holding Rio even though it's going down, I trust it and I haven't seen any bad news so far.

There's a lot of geopolitical risk involved (see Petrobas)

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