Albemarle Corporation Announces Dividend

Rhea-AI Summary

On February 23, 2023, Albemarle Corporation (NYSE: ALB) announced a quarterly dividend of $0.40 per share, marking the 29th consecutive year of dividend increases. The dividend, with an annualized rate of $1.60, will be payable on April 3, 2023, to shareholders on record as of March 17, 2023. This dividend reflects the company's commitment to returning value to shareholders while emphasizing its leadership in transforming resources into critical ingredients for multiple sectors, including energy and health.

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• Declared a dividend of $0.40 per share, increasing annual return to $1.60.
• 29 consecutive years of raising dividends, showcasing strong financial stability.

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• None.

CHARLOTTE, N.C., Feb. 23, 2023 /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 April 3, 2023, to shareholders of record at the close of business as of March 17, 2023. This year marks Albemarle's 29^th consecutive year raising its dividend.

About Albemarle Corporation
Albemarle Corporation (NYSE: ALB) is a global leader in transforming essential resources such as lithium and bromine into critical ingredients for mobility, energy, connectivity, and health. Building on our world-class resources, technical and process knowledge, and safety and sustainability performance, we partner with our customers to pioneer new ways to move, power, connect, and protect. We are committed to building a more resilient world where people and planet thrive. Learn more about Albemarle at www.albemarle.com and at @albemarlecorp on LinkedIn, Twitter and Facebook.

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.

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SOURCE Albemarle Corporation

FAQ

What is the dividend amount declared by Albemarle Corporation in February 2023?

Albemarle Corporation declared a quarterly dividend of $0.40 per share.

When is the dividend payable to shareholders?

The dividend is payable on April 3, 2023.

What is the record date for the dividend announced by Albemarle?

The record date for the dividend is March 17, 2023.

How many consecutive years has Albemarle increased its dividend?

Albemarle has increased its dividend for 29 consecutive years.

What is the annualized rate of the dividend declared by Albemarle?

The annualized rate of the declared dividend is $1.60.