CHARLOTTE, N.C., Feb. 23, 2017 /PRNewswire/ -- The board of directors of Albemarle Corporation (NYSE: ALB) declared today a quarterly dividend of $0.32 per share, an increase of 5% over the previous quarterly dividend of $0.305. The dividend, which has a new annualized rate of $1.28, is payable April 3, 2017, to shareholders of record at the close of business as of March 15, 2017. This increase marks the 23rd consecutive year that Albemarle has raised its quarterly dividend.
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We power the potential of companies in many of the world's largest and most critical industries, from energy and communications to transportation and electronics. Working side-by-side with our customers, we develop value-added, customized solutions that make them more competitive. Our solutions combine the finest technology and ingredients with the knowledge and know-how of our highly experienced and talented team of operators, scientists and engineers.