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Vale SA Dividend

Hi everyone,

On September 7, 2026, I received a gross dividend of only €0.23 per share from Scalable Capital for my stocks. According to various websites, the dividend was actually supposed to be €0.34. Could it be paid out in two installments? I can’t seem to find this information on Vale’s website.

9 Comentários

Dividendenopi👴@Dividendenopi

Part of the distribution—the larger portion—consists of interest on equity, while the remainder consists of dividends. For tax reasons, brokers in Germany must report this differently and split it into two separate line items on your statement. You should therefore receive a second statement and a second payment—most likely with the same value date.

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schlimm.@schade

This might be recorded in two separate entries:

...the distribution of shareholder remuneration in the total gross amount of R$ 2.030721898 per outstanding common share and per special preferred share issued by Vale3 (“share”), of which R$ 1.568705805 will be distributed as interest on equity and R$ 0.462016093 will be distributed as dividends.

And then perhaps the withholding tax is deducted without being explicitly reported?

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schlimm.@schade

By the way, ING had also credited me the withholding tax, and according to a quick search, that would still be correct under the new rules.
If I’m interpreting your statement correctly, Scalable is now doing it just as wrong as Trade Republic—probably ever since Baader Bank stopped handling it for them.
So you should still be able to get back a large portion of the tax you paid.

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Dividendenopi👴@Dividendenopi

Just to add, I just checked my statements—both were deposited into my account at the same time—for Vale. Two installments: one with a 10% withholding tax and one with a 17.5% withholding tax. Dividends and interest are taxed differently in Brazil. The interest (referred to in the statement as a “final dividend”) amounted to 0.273175418 euros, and the regular dividend was 0.078089422 euros. In total, that’s 0.3511 euros per share. The 10% withholding tax on the smaller dividend was deducted in addition to the German taxes; for the “interest dividend,” 15% withholding tax was credited against the German tax. This is for your reference and as information for your tax returns.

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Inves.tier@investier

@Dividendenopi Thank you so much for the great explanation. 🤗

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Jürgen S.@Snoopyjs

Why don't you check your dividend statement on Scalable... maybe you've already used up your tax-free allowance and are now subject to tax?

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Inves.tier@investier

@Snoopyjs My tax-free allowance has been used up since February. The tax-free allowance has nothing to do with the gross dividend, after all. But thanks for your comment.

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Jürgen S.@Snoopyjs

@investier No, but regarding the net dividend... it wasn't entirely clear from your post. Now that you've included the image, it's clear what you mean.

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Inves.tier@investier

@Snoopyjs Thank you

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