5 Dividend Knights that Beat the Market Last 5 Years

4. Albemarle Corporation (NYSE:ALB)

5-Year Share Price Gains as of February 8: 159.3%

Albemarle Corporation (NYSE:ALB) is an American chemical manufacturing company, based in North Carolina. Mizuho raised its price target on the stock to $325 with a Neutral rating on the shares, providing a constructive update on the company’s estimates in 2023.

Albemarle Corporation’s (NYSE:ALB) five-year return came in at 159.3%, as of February 8. The company offers a quarterly dividend of $0.395 per share and has raised its payouts for 28 years straight. The stock’s dividend yield on February 8 came in at 0.57%. Its strong dividend growth streak makes it one of the best dividend stocks on our list.

Albemarle Corporation (NYSE:ALB) was a popular stock among elite funds in Q3 2022, as 49 hedge funds tracked by Insider Monkey owned investments in the company, up from 39 in the previous quarter. These investments are collectively worth $621.4 million.

Carillon Tower Advisers mentioned Albemarle Corporation (NYSE:ALB) in its Q4 2022 investor letter. Here is what the firm has to say:

“Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. The stock gave back some of its recent gains amid investor concerns about how the future price of lithium could be affected by a potential decelerating rate of growth in overall electric vehicle (EV) production and demand, primarily in China. Despite these potential near-term headwinds, longer-term the global lithium market remains tight, and Albemarle plays a critical role in the battery value chain and remains well-positioned for the overall continued global adoption of EVs.”