Google Parent Alphabet to Issue Cash Dividend for First Time, Does Another $70 Billion Stock Buyback
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Google parent Alphabet will issue cash dividends for stock holders for the first time
Google's parent company Alphabet announced its first quarter 2023 financial results today. It also announced that it will give stock holders a quarterly cash dividend for the first time.
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Google parent Alphabet's first dividend boosts shares
Alphabet has announced its first dividend and a $US70 billion ($A107 billion) stock buybuck, cheering investors who sent the stock surging nearly 16 per cent after the bell. The Google parent is returning capital while spending billions of dollars on data centres to catch up with rivals on generative artificial intelligence. The dividend will be […]
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Google parent Alphabet hits $2tn valuation as it announces first dividend
Tech company’s shares rise as it plans to reward investors after strong quarterly results Google’s parent company has hit a stock market value of $2tn (£1.6tn) as investors reacted to a declaration of its first ever dividend alongside strong results on Thursday.Shares in Alphabet rose 10% in early Wall Street trading on Friday to give the tech group a stock market capitalisation – a measure of a corporation’s value – of more than $2tn. Alphabet last hit that level in intraday trading in 2021,...