Albemarle Announces Quarterly Dividend

Rhea-AI Summary

Albemarle (NYSE: ALB) has declared a quarterly dividend of $0.40 per share with an annualized rate of $1.60. The dividend will be payable on July 1, 2024, to shareholders of record as of June 14, 2024.

Positive

• Albemarle (NYSE: ALB) is rewarding its shareholders with a quarterly dividend of $0.40 per share, reflecting the company's commitment to shareholder value.

• The annualized rate of $1.60 per share showcases Albemarle 's stability and consistent dividend payouts, which can attract income-seeking investors.

Negative

• None.

CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 1, 2024, to shareholders of record at the close of business as of June 14, 2024.

About Albemarle 

Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at albemarle.com and on X (formerly known as Twitter) @AlbemarleCorp.  

Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission ("SEC") filings and other information regarding the company, its businesses and the markets it serves.  

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.  These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Media Contact:
Jennifer Zajac, +1 (980) 308-6259, Jennifer.Zajac@albemarle.com

Investor Relations Contact: 
Meredith Bandy, +1 (980) 999-5768, Meredith.Bandy@albemarle.com

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SOURCE Albemarle Corporation

FAQ

When is Albemarle (NYSE: ALB) paying the quarterly dividend?

The quarterly dividend of $0.40 per share from Albemarle (NYSE: ALB) will be payable on July 1, 2024.

What is the annualized rate of the dividend declared by Albemarle (NYSE: ALB)?

The annualized rate of the dividend declared by Albemarle (NYSE: ALB) is $1.60 per share.

Who are eligible to receive the dividend from Albemarle (NYSE: ALB)?

Shareholders of Albemarle (NYSE: ALB) as of the record date on June 14, 2024, are eligible to receive the dividend.

How much is the quarterly dividend per share declared by Albemarle (NYSE: ALB)?

The quarterly dividend per share declared by Albemarle (NYSE: ALB) is $0.40.

What is the stock symbol for Albemarle ?

The stock symbol for Albemarle is ALB.