13 Best Foreign Dividend Stocks To Buy According to Analysts

8. Vale S.A. (NYSE:VALE)

Dividend Yield as of February 12: 10.46%

Number of Hedge Fund Holders: 41

Average Upside Potential: 23.89%

Vale S.A. (NYSE:VALE) is a Brazilian mining company that produces and sells iron ore, iron ore pellets, nickel, and copper globally. Vale is set to invest $12.2 billion to expand its iron ore and copper mining operations at the Carajás complex in northern Brazil. The investment, planned through 2030, will be officially announced at an event with President Luiz Inácio Lula da Silva and his cabinet. Carajás is Vale’s biggest iron ore production hub, churning out 177.5 million metric tons last year, which is more than half of the company’s total output.

Vale S.A. (NYSE:VALE)’s free cash flow for the quarter came in at $0.2 billion, mainly due to lower EBITDA and negative working capital. The company saw a rise in accounts receivable, with 14 million tons of iron ore sales recorded at the end of the quarter and another 23 million tons booked at a forward price of $109 per ton. Capital expenditures held steady at $1.3 billion, staying under the 2024 guidance of $6.5 billion. Despite this, the company focused on returning value to shareholders, paying out $1.6 billion in interest on capital in September 2024. Vale last paid a quarterly dividend of $0.0869 per share on December 12. It is one of the best dividend stocks to invest in.

According to Insider Monkey’s third-quarter database, 41 hedge funds held stakes in Vale S.A. (NYSE:VALE), up from 34 funds in the earlier quarter. Rajiv Jain’s GQG Partners was the biggest position holder in the company, with nearly 18.3 million shares valued at $213.65 million.