Albemarle Announces Quarterly Common Stock Dividend
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Positive
- 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
Negative
- None.
Details
News Market Reaction – ALB
The recorded move for ALB in the trading session of this news was -2.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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,
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
Investor Relations Contact: Meredith Bandy, +1 (980) 999-5768, meredith.bandy@albemarle.com
Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@albemarle.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-announces-quarterly-common-stock-dividend-302198618.html
SOURCE Albemarle Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.