Dehydrogenation catalyst for alkyl aromatic compounds exhibiting high performance in the presence of

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A dehydrogenation catalyst composition for use in preparing an alkenyl aromatic compound by dehydrogenation of an alkyl aromatic compound, a method for preparing the catalyst, and a process for using the catalyst in a dehydrogenation reaction. Carbon dioxide (CO2) is present in the reaction in a molar ratio of 0.015 to 0.20 based on an aromatic compound in a material gas. The catalyst further includes an iron compound, an alkali metal, and about 13 to about 60 wt % of a rare earth element calculated as an oxide.