Albemarle Corporation Announces Dividend
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.
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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.
Positive
- Declared a dividend of $0.40 per share, increasing annual return to $1.60.
- 29 consecutive years of raising dividends, showcasing strong financial stability.
Negative
- None.
Details
News Market Reaction – ALB
The recorded move for ALB in the trading session of this news was -1.71%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About
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 ("
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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