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CHARLOTTE, N.C. - Albemarle Corporation (NYSE: NYSE:ALB), a leader in the production of lithium and bromine, has declared a quarterly dividend of $0.405 per share for its common stock, according to a recent announcement. The dividend is scheduled to be paid on April 1, 2025, to shareholders who are on record as of the close of business on March 14, 2025. According to InvestingPro data, this represents a 2.09% yield, and notably, the company has maintained dividend payments for 31 consecutive years.
The declared dividend represents an annualized rate of $1.62 per share. This announcement is part of the company’s routine financial updates to its shareholders.
Albemarle Corporation is known for its role in transforming essential resources into critical components used across various industries such as mobility, energy, connectivity, and health. The company’s global supply of lithium and bromine is integral to delivering advanced solutions to its customer base.
However, like any forward-looking statements, the expectations for future dividends and financial results are subject to a range of economic and market conditions. InvestingPro analysis reveals several key factors to watch, with 6 analysts recently revising their earnings expectations downward. Subscribers can access over 10 additional exclusive ProTips and comprehensive financial metrics for deeper insight into Albemarle’s performance. The company has indicated that factors such as changes in demand for its products, market pricing of lithium and spodumene, and overall business performance, among others, could influence actual outcomes. These forward-looking statements are based on current expectations and could change in response to various market and economic factors as detailed in the company’s filings with the U.S. Securities and Exchange Commission.
This dividend declaration is part of Albemarle’s commitment to providing value to its shareholders and reflects the company’s financial strategies. The information disclosed is based on a press release statement from Albemarle Corporation.
In other recent news, Albemarle Corporation has faced several significant developments. Moody’s Ratings revised Albemarle’s outlook from stable to negative, maintaining its Baa3 senior unsecured rating due to ongoing challenges in the lithium market. The company’s adjusted free cash flow remains negative, with Moody’s predicting modest improvement in leverage if current market conditions persist. Meanwhile, Albemarle reported a 26% annual sales volume growth in its Energy Storage segment for 2024, achieving an adjusted EBITDA of $1.1 billion, though it ended the year with increased leverage and negative free cash flow of $1.26 billion.
In analyst updates, Piper Sandler reduced Albemarle’s stock price target to $85, maintaining an Underweight rating, while Oppenheimer lowered its target to $123 but kept an Outperform rating, citing expectations of positive free cash flow in 2025. Mizuho (NYSE:MFG) also adjusted its price target to $90, maintaining a Neutral rating, following Albemarle’s fourth-quarter 2024 adjusted EBITDA of $251 million, which surpassed expectations. Evercore ISI downgraded Albemarle’s stock from Outperform to In Line, setting a price target of $88, expressing concerns over the lithium market’s outlook and potential EBITDA contraction in 2025.
These recent developments reflect the complex market conditions Albemarle is navigating, with various analysts adjusting their expectations based on the company’s performance and broader market trends. Despite challenges, Albemarle remains a key player in the lithium market, with its financial health closely monitored by investors and analysts alike.
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