Albemarle Announces Quarterly Common Stock Dividend

Rhea-AI Summary

Albemarle (NYSE: ALB) has declared a quarterly common stock dividend of $0.405 per share, payable on Oct. 1, 2024, to shareholders of record as of Sept. 13, 2024. The dividend has an annualized rate of $1.62. Notably, Albemarle has increased its dividend for 30 consecutive years, demonstrating a strong track record of shareholder returns.

Albemarle is a global leader in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. The company's focus on reliable and high-quality global supply of lithium and bromine enables it to deliver advanced solutions for its customers, contributing to a more resilient world.

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• Declared quarterly dividend of $0.405 per share
• 30 consecutive years of dividend increases
• Annualized dividend rate of $1.62
• Strong position in lithium and bromine supply

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• None.

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Oct. 1, 2024, to shareholders of record at the close of business as of Sept. 13, 2024. For 30 consecutive years, Albemarle has raised its dividend.

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, LinkedIn 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, U.S. Securities and Exchange Commission 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 U.S. Securities and Exchange Commission, 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.

Investor Relations Contact: Meredith Bandy, +1 (980) 999-5768, meredith.bandy@albemarle.com
Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@albemarle.com

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SOURCE Albemarle Corporation

FAQ

What is Albemarle's (ALB) latest quarterly dividend amount?

Albemarle's (ALB) latest quarterly dividend is $0.405 per share.

When is Albemarle's (ALB) next dividend payment date?

Albemarle's (ALB) next dividend payment date is October 1, 2024.

What is the record date for Albemarle's (ALB) upcoming dividend?

The record date for Albemarle's (ALB) upcoming dividend is September 13, 2024.

How many consecutive years has Albemarle (ALB) increased its dividend?

Albemarle (ALB) has increased its dividend for 30 consecutive years.

What is Albemarle's (ALB) annualized dividend rate?

Albemarle's (ALB) annualized dividend rate is $1.62.