BATON ROUGE, La., Feb. 24, 2015 /PRNewswire/ -- The board of
directors of Albemarle Corporation (NYSE: ALB) declared today a
quarterly dividend of $0.29 per
share, an increase of 5% over the previous quarterly dividend of
$0.275. The dividend, which has
a new annualized rate of $1.16, is
payable April 1, 2015, to
shareholders of record at the close of business as of March 16, 2015.
"For over twenty years, we have continuously underscored our
confidence in the strong future growth and cash generation
prospects of Albemarle's businesses by raising our dividend,"
stated President and Chief Executive Officer Luke Kissam. "Following the transformative
acquisition of Rockwood, we believe our long term cash generation
potential has never been greater and that we are well-positioned to
continue this trend of consistent dividend growth, which has seen
our dividend rise at a 17% five-year compounded annual growth
rate."
As a result of over twenty years of consistent payout growth,
Albemarle was recently added to Standard and Poor's High Yield
Dividend Aristocrats index.
About Albemarle
Albemarle Corporation, headquartered in Baton Rouge,
Louisiana, is a premier specialty
chemicals company with leading positions in attractive end markets
around the world. With a broad customer reach and diverse end
markets, Albemarle develops, manufactures and markets
technologically advanced and high value added products, including
lithium and lithium compounds, bromine and derivatives, catalysts
and surface treatment chemistries used in a wide range of
applications including consumer electronics, flame retardants,
metal processing, plastics, contemporary and alternative
transportation vehicles, refining, pharmaceuticals, agriculture,
construction and custom chemistry services. Albemarle is focused on
delivering differentiated, performance-based technologies that
deliver innovative and sustainable solutions to its customers. The
Company employs approximately 6,900 people and serves customers in
approximately 100 countries. Albemarle regularly posts information
to www.albemarle.com, including notification of events, news,
financial performance, investor presentations and webcasts,
Regulation G reconciliations, SEC filings and other
information regarding the Company, its businesses and the markets
it serves.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release
regarding Albemarle Corporation's business that are not historical
facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K and its Quarterly Reports on Form
10-Q.
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SOURCE Albemarle Corporation