Three tech giants - Alphabet, Meta Platforms, Salesforce - start paying dividends

From Nasdaq: 2024-12-20 04:55:00

In 2024, tech giants Alphabet (NASDAQ: GOOGL, NASDAQ: GOOG), Meta Platforms (NASDAQ: META), and Salesforce (NYSE: CRM) initiated dividends, offering a new income stream to shareholders in the tech sector. Despite low dividend yields, these companies remain top players in their respective fields, with strong growth prospects and dominant market positions.

Alphabet, parent company of Google, introduced a $0.20-per-share quarterly dividend, reflecting a 0.4% yield for investors. The company’s core search business continues to drive revenue growth and profitability, while moonshot projects like Waymo’s autonomous cars promise future innovation and market influence.

Meta Platforms, known for Facebook, Instagram, and WhatsApp, announced a $0.50-per-share quarterly dividend, yielding 0.3%. With robust revenue and net income growth, Meta’s advertising power and user engagement make it a compelling choice for investors seeking long-term growth potential.

Salesforce, a customer relationship management leader, launched a $0.40-per-share quarterly dividend. While the company’s growth may slow as it matures, acquisitions like Slack and new ventures like Agentforce offer opportunities for expansion. Salesforce’s dividend yield matches its tech peers at 0.4%, making it a steady but less enticing investment option.

Considering the low dividend yields, investors may be drawn to these tech stocks for their market dominance, innovation, and growth potential rather than immediate income returns. As top players in their respective fields, Alphabet, Meta Platforms, and Salesforce offer compelling investment opportunities for those focused on long-term growth and industry influence.



Read more at Nasdaq: 3 Giant Tech Stocks That Initiated Dividends This Year