Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share:

Basic and diluted earnings per share for the three-month periods ended March 31, 2020 and 2019 are calculated as follows (in thousands, except per share amounts):



	Three Months Ended March 31,
	2020		2019
Basic earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	107,204	$	133,569
Denominator:
Weighted-average common shares for basic earnings per share	106,227		105,799
Basic earnings per share	$	1.01	$	1.26

Diluted earnings per share
Numerator:
Net income attributable to Albemarle Corporation	$	107,204	$	133,569
Denominator:
Weighted-average common shares for basic earnings per share	106,227		105,799
Incremental shares under stock compensation plans	285		557
Weighted-average common shares for diluted earnings per share	106,512		106,356
Diluted earnings per share	$	1.01	$	1.26

At March 31, 2020, there were 303,093 common stock equivalents not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

On February 28, 2020, the Company increased the regular quarterly dividend by 5% to $0.385 per share and declared a cash dividend of said amount for the first quarter of 2020, which was paid on April 1, 2020 to shareholders of record at the close of business as of March 13, 2020. On May 5, 2020, the Company declared a cash dividend of $0.385 per share, which is payable on July 1, 2020 to shareholders of record at the close of business as of June 12, 2020.