ALB announced a cash dividend of 0.40 with an ex-date of Dec. 14, 2023
|Bid||125.00 x 800|
|Ask||125.98 x 800|
|Day's Range||120.94 - 126.08|
|52 Week Range||112.00 - 293.01|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||4.44|
|Earnings Date||Feb 13, 2024 - Feb 19, 2024|
|Forward Dividend & Yield||1.60 (1.35%)|
|Ex-Dividend Date||Dec 14, 2023|
|1y Target Est||189.33|
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Integrated mining and refining operation Albemarle (NYSE: ALB) was early to pick up on the impending demand for lithium -- a key ingredient in lithium-ion batteries used in smartphones and electric vehicles (EVs). Albemarle stock performed in much the same way through the end of 2022: It soared. As is the case with cyclical businesses tied to manufacturing, though, lots of new competing lithium supply has come online in 2023, just in time for EV sales growth to slow dramatically.
In this article, we will take a look at 13 of the best lithium stocks to buy now. To skip our analysis of the lithium industry and its impacts on the battery and EV sectors, go directly to the 5 Best Lithium Stocks To Buy Now. Often lauded as the ‘new oil’ of the clean […]
Recently, Zacks.com users have been paying close attention to Albemarle (ALB). This makes it worthwhile to examine what the stock has in store.