The lithium producer increases its dividend by 1.2%, marking a modest rise with a forward yield of 1.38%.
Albemarle (ALB) announced a 1.2% increase in its quarterly dividend to $0.41 per share, up from the prior $0.41 payout. The new dividend yields 1.38% on a forward basis.
The company’s previous dividend stood at $0.41, with the latest adjustment reflecting a slight upward revision. The dividend is payable on October 1 to shareholders of record as of September 11, with an ex-dividend date also set for September 11.
The move follows steady dividend growth trends in the sector, though the increase remains modest compared to prior periods.