Albemarle Preferred Stock Overview and Analysis

Albemarle Preferred Stock offers a unique investment opportunity for those seeking a relatively stable source of income.

Albemarle Corporation, the issuer of the preferred stock, is a leading global developer and manufacturer of lithium and other specialty chemicals.

The preferred stock has a face value of $25 per share, with a 5.75% annual dividend rate.

One of the key benefits of preferred stock is its priority claim on assets and earnings over common stockholders.

The price and volatility of Albemarle's preferred stock are worth taking a closer look at. Albemarle's current share price is $88.78, which is a significant drop from its 52-week high of $143.19.

The 52-week low of $71.97 is also a concern, but it's essential to consider the bigger picture. Over the past year, Albemarle's share price has decreased by 27.94%.

In terms of volatility, Albemarle's average weekly movement is 7.1%, which is slightly higher than the market average of 6.5%. This indicates that Albemarle's stock price has been relatively stable compared to the US market.

You might enjoy: B Riley Preferred Stock

Here's a comparison of Albemarle's volatility with the industry and market averages:

It's worth noting that Albemarle's weekly volatility has been stable over the past year, with an average movement of 7%. This suggests that the company's stock price has been relatively stable, despite some fluctuations.

For your interest: Virtus Infracap U.s. Preferred Stock Etf