From Nasdaq: 2024-06-09 10:41:00

Alphabet, parent company of Google, will start paying dividends, beginning with a $0.20 per share payout on June 17. The annual dividend yield is around 0.4%, totaling $9.9 billion in the first year. This new policy accompanies an increase in stock buybacks to $70 billion, cementing Alphabet’s commitment to shareholder returns.

Alphabet’s decision to pay dividends marks a milestone in the company’s financial strategy, aligning it with other tech giants like Microsoft and Apple who have established dividend programs. This move underscores Alphabet’s evolution as a mature and investor-friendly company in the tech industry. It signifies a shift towards establishing itself as a reliable income investment choice.

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