Albemarle Corporation Announces Dividend

Rhea-AI Summary

Albemarle Corporation (NYSE: ALB) has declared a quarterly dividend of $0.395 per share, marking the 28th consecutive year of increasing dividends. The annualized rate stands at $1.58, payable on April 1, 2022, to shareholders of record as of March 18, 2022. This consistent dividend growth underscores Albemarle's strong financial position and commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.395 per share.
• 28th consecutive year of increasing dividends.
• Annualized dividend rate of $1.58 highlights company confidence.

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• None.

CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable April 1, 2022, to shareholders of record at the close of business as of March 18, 2022. This year marks Albemarle's 28th consecutive year raising its dividend.

About Albemarle Corporation
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our 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 announced by Albemarle Corporation for April 2022?

Albemarle Corporation has declared a dividend of $0.395 per share.

When will the dividend be paid to shareholders of Albemarle Corporation?

The dividend will be paid on April 1, 2022.

What is the record date for Albemarle Corporation's dividend payment?

The record date for the dividend payment is March 18, 2022.

How many years in a row has Albemarle Corporation increased its dividend?

Albemarle Corporation has increased its dividend for 28 consecutive years.