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CHARLOTTE - Albemarle Corp. (NYSE:ALB), a global supplier of lithium and bromine with a market capitalization of $9.8 billion, announced Tuesday that its Board of Directors has declared a quarterly dividend of $0.405 per share on its common stock. According to InvestingPro data, the company has maintained dividend payments for 32 consecutive years, with the current yield standing at 2.1%.
The dividend will be payable on October 1, 2025, to shareholders of record as of September 12, 2025. The payment represents an annualized dividend rate of $1.62 per share.
Albemarle, which describes itself as a company that transforms essential resources into critical ingredients for mobility, energy, connectivity and health, maintains its regular dividend program as part of its capital allocation strategy.
The company produces materials used in various industries, with a particular focus on lithium, which is a key component in batteries for electric vehicles and energy storage systems, and bromine, which is used in flame retardants, water purification, and other applications.
The quarterly dividend announcement comes as part of the company’s regular financial activities and was disclosed in a press release statement issued by the company.
In other recent news, Albemarle Corporation reported strong first-quarter earnings, surpassing EBITDA expectations by over 30%. However, Berenberg analysts have adjusted their price target for the company from $92.00 to $74.00, citing continued softness in lithium prices. Despite the robust earnings, Berenberg anticipates a challenging second quarter, predicting EBITDA to fall 30% below current consensus estimates. On another front, Albemarle’s cost-cutting measures have been acknowledged by BofA Securities, which increased the company’s price target from $91.00 to $93.00, maintaining a Buy rating. These savings have reached approximately 90% of the company’s goal, potentially enhancing investor confidence in Albemarle’s future cash flow generation.
Meanwhile, Scotiabank has lowered its price target for Albemarle to $65.00 from $75.00, retaining a Sector Perform rating. This revision reflects a reassessment of the lithium market, with current prices suggesting a longer period of lower valuations than previously expected. In shareholder news, Albemarle has announced its 126th consecutive quarterly dividend, with a payout of $0.405 per share scheduled for July 1, 2025. This ongoing dividend underscores Albemarle’s commitment to delivering value to its investors.
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