Albemarle stock surges after analysts raise price targets - annual dividend yield of 1.15%, 40.5 cents per share quarterly.
Albemarle Corporation's shares (NYSE: ALB) saw an increase as analysts raised price targets. Mizuho's John Roberts maintained a Neutral rating and raised the price target from $110 to $132, and Citigroup's Patrick Cunningham also kept a Neutral rating while upping the target from $100 to $150. The company currently offers an annual dividend yield of 1.15%, with a quarterly dividend payout of 40.5 cents per share ($1.62 annually). Some investors may be considering the stock for potential gains from dividends. For investors looking to earn a regular $500 monthly from the dividend yield, strategies can be employed. For detailed information on this and more news, visit Benzinga.com.
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