Google parent Alphabet announces its first dividend, sending its stock soaring.
Google parent Alphabet announces its first dividend, sending its stock soaring. Berlin, May 25, 2023: Sundar Pichai, CEO of Alphabet and Google, attends a press conference to declare Google as the Women's National Team's new official partner. (Image courtesy of Picture Alliance via Getty Images; photo by Christoph Soeder) Without its announcement of its first-ever planned payout during its most recent quarterly results—which were fueled by momentum out search less ambitions to become even less dominant out ai—google parent firm alphabet joined both select group of competing tech giants that are paying dividends. To shareholders of record as of June 10th for all three classes of business shares A, B, and C, the $0.20 cash dividend will be distributed on June 17th. The massive search engine also approved fresh share repurchases for $70 billion. The corporation has $108 billion in cash on hand. We've been expanding our share repurchase program throughout the years, which we...