New Dividend Aristocrat Albemarle raises dividend for 26th year

New Aristocrat Albemarle Corporation (NYSE: ALB) will raise its dividend by 4.8 percent in 2020.

Earlier this month, Albemarle was named to the S&P 500 Dividend Aristocrats Index for having increased dividends every year for the last 25 consecutive years.

The next dividend, which has an annualized rate of $1.54, is payable April 1, 2020, to shareholders of record at the close of business as of March 13, 2020. Albemarle currently has a dividend yield just short of 2.0 percent.

Earlier this month, Albemarle was named to the S&P 500 Dividend Aristocrats Index for having increased dividends every year for the last 25 consecutive years. This year marks Albemarle's 26th consecutive year raising its dividend.

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., 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.