Albemarle Corp. (ALB) Dividends (2024)

Albemarle Corporation, incorporated on November 24, 1993, is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consists of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services.

Lithium and Advanced Materials

The Lithium business is a producer of diverse product portfolios of lithium derivatives in the industry. It develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. Lithium is used in a variety of applications and industries, which include lithium batteries used in consumer electronics and automobiles, high performance greases, thermoplastic elastomers for car tires, rubber soles and plastic bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, various life science applications, as well as intermediates in the pharmaceutical industry, among other applications. It also develops and manufactures cesium products for the chemical and pharmaceutical industries, and zirconium, barium and titanium products for various pyrotechnical applications, including airbag igniters. It also provides technical services, including the handling and use of reactive lithium products. It also offers its customers recycling services for lithium-containing by-products resulting from synthesis with organolithium products, lithium metal and other reagents.

The Company has four product lines in its Performance Catalyst Solutions (PCS) division: polymer catalysts, curatives, organometallics and electronic materials. It manufactures organometallic co-catalysts (aluminum, magnesium and zinc alkyls), as well as metallocene components and co-catalysts (methylaluminumoxane, organoborons, metallocene compounds, and finished polymerization catalysts comprising these products). It also offers finished single-site catalysts with or without its ActivCat activation technology and a line of Ziegler-Natta catalysts under the Advantage brand. Its co-catalysts and finished catalysts are used in customers' production of polyolefin polymers. Such polymers are commodity like Ziegler-Natta polymerization technology-based and specialty like, Single Site polymerization technology-based plastics serving a variety of end markets, including packaging, non-packaging, films and injection molding. Its organometallic products are also used in the manufacture of alpha-olefins like, hexene, octene, decene. In electronic materials, it manufactures and sells metal organic products into electronic applications, such as the production of light-emitting diodes (LEDs) for displays and general lighting, as well as other products used in the production of solar cells. Its curatives include a range of curing agents used in polyurethanes, epoxies and other engineered resins.

Bromine Specialties Segment

The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. Its fire safety technology enables the use of plastics in performance, high heat applications by enhancing the flame resistant properties of these materials. The end market products that benefit from its fire safety technology include plastic enclosures for consumer electronics, printed circuit boards, wire and cable products, electrical connectors, textiles and foam insulation. The bromine-based business also includes specialty chemicals products, such as elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon and a number of bromine fine chemicals. These specialty products are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing and various other industrial applications. Other specialty chemicals that it produces include tertiary amines for surfactants, biocides, and disinfectants and sanitizers.

Refining Solutions Segment

The Refining Solutions Segment has two product lines: Clean Fuels Technologies, which comprises hydroprocessing catalysts (HPC), and Heavy Oil Upgrading (HOU), which comprises fluidized catalytic cracking (FCC) catalysts and additives. HPC products are applied throughout the refining industry. Their application enables the upgrading of oil fractions to clean fuels and other usable oil feedstocks and products by removing sulfur, nitrogen and other impurities from the feedstock. In addition, they improve product properties by adding hydrogen and in some cases improve the performance of downstream catalysts and processes. FCC catalysts assist in the cracking of less desired refinery petroleum streams into derivative and products, such as transportation fuels and petrochemical feedstocks like propylene. Its FCC additives are used to reduce emissions of sulfur dioxide and nitrogen oxide in FCC units and to increase liquefied petroleum gas olefins yield, such as propylene, and to boost octane in gasoline. Its refinery catalysts are used to crack and treat all feedstocks while meeting refinery yield and product needs.

The Company competes with FMC Corporation, Sociedad Quimica y Minera de Chile S.A., SichuanTianqi Lithium, Jiangxi Ganfeng Lithium, Cabot Corporation, Sigma-Aldrich Corporation, AkzoNobel, Chemtura Corporation, Lonza, W.R. Grace & Co., Israel Chemicals Ltd, Criterion Catalysts and Technologies, Advanced Refining Technologies, Haldor Topsoe, BASF Corporation and China Petrochemical Corporation (Sinopec).

Albemarle Corp. (ALB) Dividends (2024)


How often does Albemarle pay dividends? ›

Albemarle Corporation ( ALB ) pays dividends on a quarterly basis.

Is ALB a good stock to buy now? ›

Albemarle has a consensus rating of Moderate Buy which is based on 8 buy ratings, 6 hold ratings and 1 sell ratings. The average price target for Albemarle is $145.20. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is ALB undervalued? ›

Fair Value Estimate for Albemarle Stock

With its 5-star rating, we believe Albemarle's stock is significantly undervalued compared with our long-term fair value estimate of $275 per share. We assume roughly a 10% weighted average cost of capital.

What are Albemarle earnings expectations? ›

Earnings Estimate
CURRENCY IN USDCurrent Qtr. (Jun 2024)Next Year (2025)
Avg. Estimate0.617.77
Low Estimate-0.080.82
High Estimate1.5826.86
Year Ago EPS7.332.88
1 more row

How many months should I hold a stock to get dividend? ›

At the most basic level, you only need to own a stock by the ex-dividend date (or deadline) in order to get the dividend. And you can sell the stock a day or two after that, once everything settles. So in theory, you only need to own the stock for a couple of days to get the dividend.

How many times dividend will be paid? ›

Dividends are typically paid on a quarterly basis, though some pay annually, and a small few pay monthly. Companies that pay dividends are usually more stable and established, not those still in the rapid growth phase of their life cycles.

Why is Albemarle tanking? ›

Shares in lithium miner Albemarle (NYSE: ALB) declined by 22.1% in June, according to data provided by S&P Global Market Intelligence. The move comes from a price decline in lithium carbonate and a deteriorating narrative around the electric vehicle (EV) market.

What is the Albemarle stock forecast for 2025? ›

According to analysts, ALB price target is 139.28 USD with a max estimate of 190.00 USD and a min estimate of 81.00 USD. Check if this forecast comes true in a year, meanwhile watch Albemarle Corporation stock price chart and keep track of the current situation with ALB news and stock market news.

Will Albemarle recover? ›

Albemarle's stock has a solid chance to recover in 2024

Albemarle's shares have continued to fall further so far in 2024 and are now down a staggering 48% in one year. The stock is now hovering at levels last seen in 2020.

What is the 12 month target price of ALB? ›

Analyst Price Targets

Based on analysts offering 12 month price targets for ALB in the last 3 months. The average price target is $137.29 with a high estimate of $178 and a low estimate of $95.

Is ALB a dividend aristocrat? ›

#3: Strong Dividend Growth

Albemarle announced a 1.3% dividend increase in February, marking 29 consecutive years of dividend growth. This achievement not only cements its status as a Dividend Aristocrat, but also showcases its ability to sustain and grow dividends - even in challenging times.

Has ALB stock ever split? ›

Albemarle stock (symbol: ALB) underwent a total of 1 stock split. The stock split occurred on March 2nd, 2007.

How high will ALB stock go? ›

Based on short-term price targets offered by 23 analysts, the average price target for Albemarle comes to $149.83. The forecasts range from a low of $81.00 to a high of $210.00. The average price target represents an increase of 65.61% from the last closing price of $90.47.

What is the forecast for ALB in 2024? ›

Albemarle stock price stood at $96.95

According to the latest long-term forecast, Albemarle price will hit $100 by the end of 2024 and then $110 by the end of 2025. Albemarle will rise to $125 within the year of 2026, $150 in 2028, $200 in 2030 and $250 in 2035.

How often does ALB pay dividends? ›

The previous Albemarle Corp. dividend was 40c and it went ex 23 days ago and it was paid 6 days ago.
StatusTypeEx-div date
PaidQuarterly09 Jun 2022
PaidQuarterly17 Mar 2022
PaidQuarterly16 Dec 2021
PaidQuarterly16 Sep 2021
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