Albemarle Corporation Plans Quarterly Dividend of $0.41 (NYSE:ALB)

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Albemarle Corporation (NYSE:ALB) declared a quarterly dividend of $0.405 per share, payable on April 1st to shareholders of record by March 13th, representing an annualized dividend of $1.62 and a 0.9% yield. Despite a current payout ratio of 216% due to recent negative earnings, analysts project earnings per share of $1.91 next year, which would result in a more sustainable payout ratio of 84.8%. The company has consistently increased its dividend for the past 30 years and recently reported a revenue beat but an EPS miss for its latest quarter.

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