Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share:

Basic and diluted earnings per share for the three-month periods ended March 31, 2018 and 2017 are calculated as follows (in thousands, except per share amounts):



	Three Months Ended March 31,
	2018		2017
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	131,760	$	51,213
Denominator:
Weighted-average common shares for basic earnings per share	110,681		111,986
Basic earnings per share	$	1.19	$	0.46

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	131,760	$	51,213
Denominator:
Weighted-average common shares for basic earnings per share	110,681		111,986
Incremental shares under stock compensation plans	1,186		1,303
Weighted-average common shares for diluted earnings per share	111,867		113,289
Diluted earnings per share	$	1.18	$	0.45

On February 23, 2018, the Company increased the regular quarterly dividend by 5% to $0.335 per share and declared a cash dividend of said amount for the first quarter of 2018, which was paid on April 2, 2018 to shareholders of record at the close of business as of March 15, 2018. On May 8, 2018, the Company declared a cash dividend of $0.335 per share, which is payable on July 2, 2018 to shareholders of record at the close of business as of June 15, 2018.