Last week I used the proceeds which I got from selling my Warehouses de Pauw shares to buy 27 Albemarle Corporation at a price of $65,36.
Albemarle Corporation is active in the specialty chemicals market. Albemarle Corporation is having a leading position in lithium, bromine and refining catalysts. Lithium is the biggest income and profit course for Albemarle.
Albemarle is currently paying a dividend of $1,47 per share so as a result the the yield on cost for me is 2,25%. As a result of this purchase my yearly estimated dividend income will increase by $39,69.