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NEW YORK ( TheStreet) -- The ex-dividend date for Vale (NYSE: VALE) is Monday, October 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $25.49 as of 9:30 a.m. ET, the dividend yield is 1.5%. The average volume for Vale has been 20.7 million shares per day over the past 30 days. Vale has a market cap of $131.6 billion and is part of the basic materials sector and metals & mining industry. Shares are down 27.3% year to date as of the close of trading on Thursday. Vale S.A. engages in the exploration, production, and sale of basic metals in Brazil. The company also involves in fertilizers, logistics, and steel businesses. The company has a P/E ratio of 7.8, above the average metals & mining industry P/E ratio of 5.3 and below the S&P 500 P/E ratio of 17.7.