GOOGL - Google Parent Company Alphabet Just Proved Why Dividends Matter Even for Growth Stocks
2024-05-04 16:10:00 ET
Just one quarter after Meta Platforms announced its first-ever dividend payout, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) joined Meta, Microsoft , and Apple to become the fourth "Magnificent Seven" company to reward shareholders with a quarterly dividend. Nvidia technically pays one too, but at a negligible 0.02% yield, it's a nonfactor to investors.
Alphabet's dividend will start at just $0.20 per share, but the company said it intends to sustain this quarterly payout into the future, meaning it could build off this initial level.
For further details see:
Google Parent Company Alphabet Just Proved Why Dividends Matter, Even for Growth Stocks