Albemarle Announces Quarterly Dividend (2024)

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Albemarle Announces Quarterly Dividend

May 7, 2024

CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 1, 2024, to shareholders of record at the close of business as of June 14, 2024.

Albemarle Announces Quarterly Dividend (2)

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 and on X (formerly known as Twitter) @AlbemarleCorp. 

Albemarle regularly posts information, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission ("SEC") filings and other information regarding the company, its businesses and the markets it serves. 

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 circ*mstances change, except as otherwise required by securities and other applicable laws.

Media Contact:
Jennifer Zajac, +1 (980) 308-6259,[emailprotected]

Investor Relations Contact:
Meredith Bandy, +1 (980) 999-5768, [emailprotected]

Albemarle Announces Quarterly Dividend (3) View original content to download multimedia:

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Albemarle Announces Quarterly Dividend (2024)


What is the dividend payout ratio for Albemarle? ›

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

How many employees does Albemarle have? ›

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

What is Albemarle's net debt? ›

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

What does Albemarle do? ›

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.

What is a reasonable dividend payout ratio? ›

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.

What is a 60% dividend payout ratio? ›

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.

Is Albemarle undervalued? ›

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.

What is the future of Albemarle? ›

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.

What percentage of Albemarle is black? ›

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%).

What is a good net debt? ›

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.

How much net debt is bad? ›

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 a good stock to buy? ›

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.

Who owns Albemarle? ›

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.

What is the new name for Albemarle? ›

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.

What is the expected dividend payout ratio? ›

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%.

What is the payout ratio for HBAN dividends? ›

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

What is a stable dividend payout ratio? ›

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.

What is the average bank dividend payout ratio? ›

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%.


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