GOOGL - Google: Now My Biggest Dividend Growth Stock Not Named Broadcom

2024-06-28 07:30:00 ET

Summary

• Google's dividend announcement provided a modest boost to my passive income and underscores its commitment to returning capital to shareholders.
• The company crushed the analyst consensus for both revenue and diluted EPS during the first quarter.
• Google is a free cash flow machine with an immense net cash position.
• Shares of the tech giant could be priced 9% below fair value.
• Google could deliver cumulative total returns of nearly 35% by the end of 2026.

I love owning businesses that prioritize their shareholders. This probably means slightly different things from one person to another.

As a dividend growth-oriented investor, here's what it means to me: A company that can balance investing for future growth with sending value back to its shareholders. This can be done via share repurchases and/or dividend payments....

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