Albemarle Keeps Dividend at $0.24
Specialty chemicals maker Albemarle announced yesterday a second-quarter dividend in the amount of $0.24 per share, the same rate it paid in February after having raised it from $0.20 per share in the prior quarter.
It has paid a dividend every quarter since 1994 and has regularly increased it every year since then.
The board of directors said the quarterly payout is payable on July 1 to the holders of record at the close of business on June 14.
The regular dividend payment equates to a $0.96-per-share annual dividend yielding 1.6% based on the closing price of Albemarle's stock on May 7.
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