Albemarle Corp. on Feb. 23 announced a quarterly dividend of 33.5 U.S. cents per share for the last quarter of 2017, a raise of almost 5% from the previous dividend payment and the 24th consecutive year the company has raised its quarterly dividends.

The new dividend payment compares to the quarterly dividend of 32 cents per share paid in the preceding year and will raise the annualized dividend to US$1.34 per share. This return will be paid April 2 to shareholders on record as of March 15.