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|ALB Stock Split History|
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Albemarle (ALB) has 2 splits in our Albemarle stock split history database. The first split for ALB took place on March 01, 2007. ALB's second split took place on March 02, 2007. This was a 2 for 1 split, meaning for each share of ALB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Albemarle splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Albemarle stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Albemarle shares, starting with a $10,000 purchase of ALB, presented on a split-history-adjusted basis factoring in the complete Albemarle stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||18.54%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||17.24%|
|Albemarle is a global developer, manufacturer and marketer of chemicals across a range of end markets including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection and custom chemistry services. Co.'s segments include: Lithium, which develops and manufactures a range of basic lithium compounds and lithium specialties and reagents; Bromine Specialties, which includes products used in fire safety solutions and other chemicals applications; and Catalysts, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions. According to our Albemarle stock split history records, Albemarle has had 2 splits.|
|ALB Split History Table|
|03/01/2007||1 for 1|
|03/02/2007||2 for 1|
|Materials Stock Splits|
|ALB is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ALB shares outstanding history