Double-Digit Dividend Yield: Why Vale Stands Out Vale's valuation is attractive, trading at a P/E of ~4.2x for 2025, with an EPS forecast implying a 24% earnings yield and a double-digit dividend yield. Despite long-term risks in iron ore, Vale's efficiency and growth in energy transition metals like copper and nickel offer promising diversification and margin improvement. Brazil's economic and legal challenges justify Vale's discount compared to peers, but the potential for high yields makes it appealing for risk-tolerant investors. Vale is a resilient, dollarized company with attractive dividends, offering de-correlation from US equities and benefiting from commodity cycle turns.