Albemarle Corporation Announces Dividend

Rhea-AI Summary

Albemarle Corporation's Board of Directors declares a quarterly dividend of $0.40 per share with an annualized rate of $1.60. The dividend will be payable on January 2, 2024, to shareholders of record as of December 15, 2023.

Positive

• Albemarle Corporation declares a quarterly dividend of $0.40 per share with an annualized rate of $1.60. This can positively impact the stock price as it indicates the company's commitment to returning value to shareholders.

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• None.

CHARLOTTE, N.C., Oct. 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 January 2, 2024, to shareholders of record at the close of business as of December 15, 2023.

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 allow 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 Twitter @AlbemarleCorp.

Albemarle regularly posts information to its website, 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 declared by Albemarle Corporation?

The Board of Directors of Albemarle Corporation has declared a quarterly dividend of $0.40 per share with an annualized rate of $1.60.

When will the dividend be payable?

The dividend will be payable on January 2, 2024.

Who are eligible for the dividend?

Shareholders of Albemarle Corporation as of December 15, 2023, are eligible for the dividend.

What is the significance of declaring a dividend?

Declaring a dividend indicates the company's commitment to returning value to shareholders and can positively impact the stock price.