Albemarle Announces Quarterly Common Stock Dividend

Rhea-AI Summary

Albemarle (NYSE: ALB) has declared a quarterly common stock dividend of $0.405 per share, maintaining an annualized rate of $1.62. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.

Albemarle, a global leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health, specializes in providing reliable and high-quality global supply of lithium and bromine for advanced customer solutions.

Positive

• Consistent dividend payment maintained at $0.405 quarterly
• Stable annualized dividend rate of $1.62 per share
• Strong market position in lithium and bromine supply

Negative

• Forward-looking concerns about market pricing of lithium and spodumene
• Potential risks from changes in economic conditions and market demand
• Possible adverse changes in liquidity or financial performance

CHARLOTTE, N.C., Feb. 27, 2025 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announced today that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable April 1, 2025, to shareholders of record at the close of business as of March 14, 2025.

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

This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, including, without limitation, statements related to future dividends and results, which 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 statements expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; expected market pricing of lithium and spodumene and other underlying assumptions and our 2025 outlook considerations; 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.

Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@albemarle.com 
Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

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SOURCE Albemarle Corporation

FAQ

What is the dividend amount for Albemarle (ALB) stock in Q1 2025?

Albemarle's quarterly dividend for Q1 2025 is $0.405 per share, with an annualized rate of $1.62.

When is the ex-dividend date for ALB's Q1 2025 dividend payment?

Shareholders must be on record by March 14, 2025, to receive the dividend payment scheduled for April 1, 2025.

Has Albemarle (ALB) changed its dividend amount in the latest announcement?

The press release does not indicate any change in the dividend amount, maintaining the quarterly payment at $0.405 per share.

What is Albemarle's (ALB) annual dividend yield based on the current payment?

Based on the announced quarterly dividend of $0.405, Albemarle's annualized dividend rate is $1.62 per share.