Albemarle Corporation (NYSE:ALB) will begin trading ex-dividend on September 17, 2020. The quarterly dividend payment of $ 0.385 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 1.65 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Albemarle Corporation recently reported first quarter financial results on May 6, 2020, after market close, the Charlotte based company posted income for the first quarter of $ 1.00 per share, from the revenue of $ 738.84 million. The quarterly earnings fell 18.70 percent while revenues dropped 9.57 percent compared with the same quarter last year.
Street analysts expected Albemarle Corporation recently reported first quarter financial results on May 6, 2020, after market close, the Charlotte based company to report income of $ 0.83 per share on revenue of $ 762.33 million for the first quarter. The bottom line results beat street analysts by $ 0.17 or 20.48 percent, at the same time, top line results fell short of analysts by $ 23.49 million or 3.08 percent.
Stock Performance
Shares of Albemarle Corporation traded low $ -1.92 or -2.01 percent on Thursday, reaching $ 93.50 with volume of 619.80 thousand shares. Albemarle Corporation has traded high as $ 96.46 and has cracked $ 93.49 on the downward trend
According to the previous trading day, closing price of $ 93.50, representing a 95.17 % increase from the 52 week low of $ 48.89 and a 4.4 % decrease over the 52 week high of $ 99.81.
The company has a market capital of $ 9.94 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. It also offers cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for various pyrotechnical applications; technical services, such as the handling and use of reactive lithium products; and recycling services for lithium-containing by-products.
