13 Undervalued Dividend Aristocrats to Buy Now

11. Albemarle Corporation (NYSE:ALB)

Forward P/E Ratio as of March 9: 23.70

Albemarle Corporation (NYSE:ALB) operates as a global specialty chemicals company and is best known as the world’s largest producer of lithium, a key material used in electric vehicle batteries. The company is also involved in the bromine and catalyst markets, which helps provide some diversification when lithium prices swing.

On February 27, Albemarle Corporation (NYSE:ALB) declared a quarterly dividend of $0.405 per share. The dividend is payable on April 1 to shareholders of record as of the close of March 13, 2026. The stock currently has an annual dividend yield of 0.97%.

The payout comes after Albemarle Corporation (NYSE:ALB) reported a significant positive free cash flow of nearly $700 million in its Q4 2025 last month, thanks to its solid cash conversion and rightsized capital expenditures, which declined by 65% compared to the same period in 2024. The company intends to continue this momentum by targeting additional cost and productivity improvements of $100 million to $150 million, and stable capital spending in FY 2026.

Moreover, the rising geopolitical and trade tensions are creating an environment in which the Western price of lithium could be notably higher than that in China, which could provide a significant tailwind for Albemarle.