Albemarle Stock To Go Ex-dividend Tomorrow (ALB)

NEW YORK (TheStreet) -- The ex-dividend date for Albemarle (NYSE:ALB) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $59.05 as of 9:54 a.m. ET, the dividend yield is 1.3%.

The average volume for Albemarle has been 836,300 shares per day over the past 30 days. Albemarle has a market cap of $5.43 billion and is part of the basic materials sector and chemicals industry. Shares are up 15.3% year to date as of the close of trading on Monday.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 12.6, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Albemarle Ratings Report.

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