Albemarle Corporation(ALB) is having a Dividend Yield of 1.32% with the Annual cash Dividend per share of $1.22. The last quarter cash dividend per share pay out was $0.31. Albemarle Corporation has a 5 year average dividend yield of 1.66% and the stock has a Indicated annual dividend of $1.22. Albemarle Corporation(ALB) formally announced its most recent dividend on November 4, 2016 with a Dividend per share of $0.31. The new indicated annual dividend based on announced dividend per share is $1.22. The dividend yield based on the forward looking indicated annual dividend is 1.32%. Albemarle Corporation(ALB) has the most recent dividend payout ratio of 0.28 with a 5-year average payout ratio of 0.24. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Albemarle Corporation(ALB) is at the rate of 10.46% while the R-Squared dividend growth is 0.89. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Albemarle Corporation (NYSE:ALB) witnessed a decline in the market cap on Thursday as its shares dropped 0.38% or 0.35 points. After the session commenced at $92.88, the stock reached the higher end at $93.99 while it hit a low of $92.07. With the volume soaring to 593,715 shares, the last trade was called at $92.41. The company has a 52-week high of $95.89. The company has a market cap of $10,394 million and there are 112,475,939 shares in outstanding. The 52-week low of the share price is $50.95. Albemarle Corporation has lost 1.6% in the last five trading days and dropped 0.21% in the last 4 weeks. Albemarle Corporation is up 15.73% in the last 3-month period. Year-to-Date the stock performance stands at 7.35%.
Currently the company Insiders own 0.71% of Albemarle Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.62% . Institutional Investors own 86.5% of Albemarle Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -1.62%. Company has reported several Insider transactions to the SEC, on Jan 10, 2017, Luther C Iv Kissam (Chairman, President & CEO) sold 2,542 shares at 90.46 per share price.On Jan 10, 2017, Karen G Narwold (EVP, Chief Admin Officer) sold 392 shares at 90.59 per share price.On Jan 10, 2017, Scott Tozier (EVP & CFO) sold 1,057 shares at 90.62 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Robert W. Baird on Jan 17, 2017 to Outperform, Raises Price Target to $ 118 from a previous price target of $81 .
Albemarle Corporation Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.81. The company had revenue of $654.01 million for the quarter, compared to analysts expectations of $645.84 million. The companys revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.
Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.