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Press release from PR Newswire

Albemarle Announces Increase in Quarterly Dividend

Wednesday, February 16, 2011

Albemarle Announces Increase in Quarterly Dividend09:09 EST Wednesday, February 16, 2011BATON ROUGE, La., Feb. 16, 2011 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) today increased the regular quarterly dividend to $0.165 per share from $0.14. The dividend is payable April 1, 2011 to shareholders of record at the close of business as of March 15, 2011.  The new annualized dividend rate is $0.66 per share.(Logo: http://photos.prnewswire.com/prnh/20050801/ALBEMARLELOGO )"This 18-percent dividend increase is a reflection of the financial performance of the company, and our confidence in future earnings. This increase also represents the 17th consecutive year of annual dividend increases," stated Mark Rohr, Chairman and Chief Executive Officer of Albemarle. "We are proud of our long history of dividend growth and expect future performance to allow this trend to continue."About Albemarle Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010.  Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings and other information regarding the Company, its businesses and markets served."Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.SOURCE Albemarle CorporationFor further information: Ashley Mendoza, +1-225-388-7137, Ashley.Mendoza@albemarle.com; or Investor Relations Contact: Sandra Rodriguez, +1-225-388-7654, Sandra.Rodriguez@albemarle.com