Albemarle Stock To Go Ex-dividend Tomorrow (ALB)

NEW YORK ( TheStreet) -- The ex-dividend date for Albemarle (NYSE: ALB) is tomorrow, March 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 $62.82 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Albemarle has been 759,500 shares per day over the past 30 days. Albemarle has a market cap of $5.56 billion and is part of the basic materials sector and chemicals industry. Shares are up 22.4% year to date as of the close of trading on Friday.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 13.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Albemarle Ratings Report.

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