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Albemarle raises dividend

3:22 PM MST | February 25, 2014 | Vincent Valk

Albemarle announced today that it is raising its quarterly dividend by 15%, to 27.5 cts/share. The dividend will be paid on 1 April to shareholders of record as of 14 March. Albemarle’s annual dividend is now $1.10, the company says. "As we celebrate our 20-year anniversary of being a public company, today's announcement reflects our confidence in the future of the business," says Albemarle president and CEO Luke Kissam. "We are proud of our long history of dividend growth and expect future financial performance to allow this trend to...

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