BATON ROUGE, La., Feb. 15, 2012 /PRNewswire/ -- Today, the board of directors of Albemarle Corporation (NYSE: ALB) increased the quarterly dividend to $0.20 per share from $0.175 paid last quarter. The dividend is payable April 1, 2012 to shareholders of record at the close of business March 15, 2012. The new annualized dividend rate is $0.80 per share.
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"Our record-setting financial performance in 2011 and confidence in the future cash generating capacity of our business allowed us to increase our dividend for the 18th consecutive year," stated Luke Kissam, President and Chief Executive Officer of Albemarle.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010 and 2011. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to http://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 we serve.
"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.
SOURCE Albemarle Corporation
Media, Ashley Mendoza, +1-225-388-7137, Ashley.Mendoza@albemarle.com or Investor Relations, Lorin Crenshaw, +1-225-388-7322, Lorin.Crenshaw@albemarle.com