The ex-dividend date for Albemarle (NYSE:ALB) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $56.67 as of 9:30 a.m., the dividend yield is 1.4%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Albemarle (NYSE: ALB) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $56.67 as of 9:30 a.m. ET, the dividend yield is 1.4%. The average volume for Albemarle has been 832,700 shares per day over the past 30 days. Albemarle has a market cap of $5.09 billion and is part of the basic materials sector and chemicals industry. Shares are up 10.5% 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 14.2, 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Albemarle Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.