Dividend Alert: Albemarle (ALB) Rises Ahead of Earnings

We recently published Rally Alert: 10 Stocks That Just Made Investors Richer. Albemarle Corporation (NYSE:ALB) is one of the best-performing stocks on Thursday.

Albemarle grew its share prices by 6.84 percent on Thursday to close at $84.18 apiece as investors repositioned portfolios ahead of the release of its second quarter earnings results.

According to the company, it will announce its financial and operating highlights before market open on Thursday, July 31. An investor call will be held during the same day.

In the first quarter of the year, Albemarle Corporation (NYSE:ALB) registered an attributable net income of $41.3 million, higher by 1,620 percent than the $2.4 million in the same period last year.

Net sales amounted to $1.077 billion, marking a 20.9-percent decline from $1.360 billion year-on-year.

In other news, Albemarle Corporation (NYSE:ALB) said its board of directors has approved the distribution of quarterly dividends worth $0.405 for each common share.

The dividend rate, with an annualized rate of $1.62, is payable on October 1 to shareholders as of the September 12 record.

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