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....
Read the full article on Seeking Alpha
For further details see:
Google: Now My Biggest Dividend Growth Stock Not Named Broadcom