Yes, Albemarle Corporation (ALB) stock has split multiple times throughout its history. This is a common corporate action designed to increase the number of shares outstanding while reducing the price per share, making the stock more accessible to a broader range of investors.
Understanding ALB's Stock Split History
Albemarle (ALB) has undergone two stock splits according to its historical data. These events occurred in close succession, impacting the total number of shares held by investors and the per-share price.
- First Split: The first stock split for ALB took place on March 01, 2007.
- Second Split: Following closely, the second split for ALB occurred on March 02, 2007. This particular split was a 2-for-1 split, meaning that for every single share of ALB stock owned by a shareholder before the split, they subsequently owned two shares. For example, if an investor held 100 shares of ALB pre-split, they would then own 200 shares after this 2-for-1 split. While the number of shares doubled, the total value of their investment remained the same immediately after the split, as the share price was halved.
This table provides a concise overview of Albemarle's stock split history:
| Split Number | Date of Split | Ratio (Example) | Effect on Shares |
|---|---|---|---|
| 1st Split | March 01, 2007 | N/A | Increased Shares |
| 2nd Split | March 02, 2007 | 2-for-1 | Doubled Shares |
Stock splits do not change the fundamental value of a company but can improve liquidity and psychological appeal by making shares appear more affordable. For more detailed historical data on Albemarle's stock splits, you can refer to dedicated financial history resources such as Stock Split History.
