Albemarle Keeps Dividend Steady

Specialty chemical maker has made payouts to investors since 1994.

By Rich Duprey – Jul 11, 2013 at 10:08AM EST

Specialty chemicals maker Albemarle (ALB 3.37%) announced yesterday its third-quarter dividend of $0.24 per share, the same rate it's paid for the past two quarters after raising the payout 20% from $0.20 per share.

The board of directors said the quarterly dividend is payable on Oct. 1 to the holders of record at the close of business on Sept. 13. The specialty chemicals maker has made quarterly payouts to investors since 1994.

The regular dividend payment equates to a $0.96-per-share annual dividend, yielding 1.5% based on the closing price of Albemarle's stock on July 10.

ALB Dividend data by YCharts.

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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Albemarle Keeps Dividend Steady

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