Albemarle Corporation (NYSE:ALB) shares closed higher on Thursday after various analysts raised their price targets on the stock.

Mizuho analyst John Roberts maintained Albemarle with a Neutral and raised the price target from $110 to $132, while Citigroup analyst Patrick Cunningham maintained the stock with a Neutral and boosted the price target from $100 to $150.

With the recent buzz around Albemarle, some investors may be eyeing potential gains from the company's dividends. As of now, Albemarle offers an annual dividend yield of 1.15%, with a quarterly dividend amount of 40.5 cents per share ($1.62 a year).  

How can investors leverage their dividend yield to pocket a regular $500 monthly?

To earn $500 ...