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NEW YORK ( TheStreet) -- The ex-dividend date for Vale SA - Shs Sponsored American Deposit Re (NYSE: VALE) is tomorrow, April 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $33.09 as of 9:32 a.m. ET, the dividend yield is 1.1%. The average volume for Vale SA - Shs Sponsored American Deposit Re has been 21.1 million shares per day over the past 30 days. Vale SA - Shs Sponsored American Deposit Re has a market cap of $178.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 4.6% year to date as of the close of trading on Tuesday. Vale S.A., through its subsidiaries, operates as a diversified metals and mining company worldwide. The company produces iron ore and iron ore pellets, nickel, manganese ore, ferroalloys, kaolin, and pig iron. The company has a P/E ratio of 35, above the average metals & mining industry P/E ratio of 10.5 and above the S&P 500 P/E ratio of 16.6.