5 Best Environmental Dividend Stocks To Invest In According To Analysts

3. Albemarle Corporation (NYSE:ALB)

Upside Potential as of February 23: 22.08%

Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company that develops, manufactures, and markets a wide range of chemicals and chemical-based products. The company invests in clean technologies, energy efficiency initiatives, and renewable energy sources to mitigate climate change impacts and protect natural ecosystems. On February 22, the company announced a quarterly dividend of $0.40 per share, which fell in line with its previous dividend. Overall, it holds a 29-year streak of consistent dividend growth, which places ALB on our list of the best dividend stocks. The stock’s dividend yield on February 23 came in at 1.33%.

As of the end of Q4 2023, 27 hedge funds reported having stakes in Albemarle Corporation (NYSE:ALB), down from 37 in the preceding quarter, as per Insider Monkey’s database. These stakes are worth over $311 million in total. Among these hedge funds, Coatue Management was the company’s leading stakeholder in the fourth quarter.