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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.