Specialty chemicals company Albemarle Corp. said Friday its board has approved an almost 5% hike in its quarterly dividend to 33.50 cents a share from 32 cents. The new dividend will be payable April 2 to shareholders of record as of March 15. Shares rose 1.2% premarket, and are up 22% in the last 12 months, while the S&P 500 has gained 14%.
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