Albemarle Corporation stockholders will enjoy an increase in their quarterly dividend.
The Board of Directors announced this week that it has declared a quarterly dividend of 38.50 cents per share.
The dividend, which has an annualized rate of $1.54, is payable January 4, 2021, to shareholders at the close of business on December 11.
Albemarle has paid a dividend of 36.75 cents for several quarters, which was an annualized rate of $1.47 per share.
Albemarle has extensive bromine and related chemical production facilities and brine field leases in Columbia and Union counties, and is Columbia County’s largest industrial employer.