Albemarle (ALB) Raises Stock Buyback Plan
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Price: $125.79 -0.21%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
EPS Growth %: +2,654.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
EPS Growth %: +2,654.5%
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Albemarle Corporation (NYSE: ALB) authorized an increase in the number of shares the Company is permitted to repurchase under its existing share repurchase program to 5,000,000. In the third quarter of 2011, the Company repurchased 3,000,000 shares under the Board's prior authorization, reducing its total outstanding shares to 88,756,371 as of September 30, 2011.
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