Albemarle Announces Quarterly Dividend (2024)

FAQs

What is the dividend payout ratio for Albemarle? ›

ALB's dividend payout ratio is 13.14% ($1.60/$2.75) which is sustainable.

Headquartered in Charlotte, NC, Albemarle Corporation (NYSE: ALB), employs approximately 9,000 people worldwide and serves customers in approximately 70 countries.

Total debt was $3.5 billion, representing a debt covenant net debt to adjusted EBITDA of approximately 0.9 times. The company's earnings presentation and supporting material are available on Albemarle's website at https://investors.albemarle.com.

We enhance safety and reliability in connections, from fire safety compounds in electronics, wires and cables to the protective glass on phones. We produce specialty chemicals and additives for medicines, disinfectants and solutions that keep our food and water safe and plentiful.

So, what counts as a “good” dividend payout ratio? Generally speaking, a dividend payout ratio of 30-50% is considered healthy, while anything over 50% could be unsustainable.

Income investors and growth investors look for different payout ratios. Income investors look for higher dividend payout ratios to maximize cash flow. A 60% dividend payout ratio, all else being equal, results in double the dividends of a 30% payout ratio.

Despite the challenges in profitability and capital costs, Albemarle's significant undervaluation according to the GF Value suggests potential for future growth. Investors interested in the lithium market and Albemarle's strategic position within it should consider both the risks and opportunities presented.

ALB Stock 12 Month Forecast

Based on 15 Wall Street analysts offering 12 month price targets for Albemarle in the last 3 months. The average price target is $145.20 with a high forecast of $188.00 and a low forecast of $95.00. The average price target represents a 46.44% change from the last price of $99.15.

The 5 largest ethnic groups in Albemarle, NC are White (Non-Hispanic) (63.3%), Black or African American (Non-Hispanic) (24.4%), Asian (Non-Hispanic) (3.25%), Other (Hispanic) (2.73%), and Two+ (Non-Hispanic) (2.49%).

In most cases, a company's debt shouldn't exceed 60% (or a 0.6 ratio) long-term. Any company at this point usually has too much debt compared to its assets, suggesting that it's struggling to find income and make payments. Conversely, a company with less than 40% debt is usually in a good position.

What is the debt to equity ratio for Albemarle? ›

Albemarle Debt to Equity Ratio: 0.3056 for March 31, 2024.

Ideally, financial experts like to see a DTI of no more than 15 to 20 percent of your net income. For example, a family with a $250 car payment and $100 of monthly credit card payments, and $2,500 net income per month would have a DTI of 14 percent ($350/$2,500 = 0.14 or 14%).

Is Albemarle stock a Buy, Sell or Hold? Albemarle stock has received a consensus rating of buy. The average rating score is and is based on 46 buy ratings, 32 hold ratings, and 12 sell ratings.

The ownership structure of Albemarle (ALB) stock is a mix of institutional, retail and individual investors. Approximately 63.19% of the company's stock is owned by Institutional Investors, 8.19% is owned by Insiders and 28.61% is owned by Public Companies and Individual Investors.

As of January 1, 2024, Albemarle Corporation's (“Albemarle”) Catalysts business, recently rebranded as “Ketjen”, will become a wholly owned subsidiary of Albemarle named Ketjen Corporation.

To calculate the dividend payout ratio, the formula divides the dividend amount distributed in the period by the net income in the same period. For example, if a company issued $20 million in dividends in the current period with $100 million in net income, the payout ratio would be 20%.

HBAN's dividend payout ratio is 55.86% ($0.62/$1.11) which is sustainable.

A constant dividend payout ratio policy is a dividend policy in which the percentage of earnings paid in the form of dividends is held constant. In other words, a constant dividend payout ratio policy maintains the same proportion of earnings paid out as dividends to shareholders.

The industrywide total dividend payout for 2022 was up 8.0% from the previous year and 6.7% from the old record in 2020. The median dividend payout ratio at US banks increased by 322 basis points year over year to 24.32%.