From Morningstar: 2024-04-30 04:28:00

Meta Platforms (META) announced a regular quarterly dividend, prompting Alphabet (GOOG/GOOGL) to do the same. Shareholders on record as of June 10 will receive a $0.20 dividend per share on June 17. Morningstar estimates a fair value of $179.00 and a wide economic moat for Alphabet.

With Alphabet’s new dividend, eight of the 10 largest US companies now pay quarterly dividends. The initial yield for Alphabet will be around 0.5%, far less than its buyback yield of 2.4% over the past five years. This move could pave the way for future dividend increases if capital is allocated accordingly.



Read more at Morningstar: Alphabet’s First Dividend: What You Need to Know