Alphabet, the parent company of Google, recently announced its first-ever dividend, which has been seen as a reassurance to investors¹[2]²[1]. Here are some key points:
- Alphabet is issuing a **$0.20 per share dividend**, its first ever¹[2]²[1].
- The dividend will be paid on **June 17** to stockholders of record as of **June 10**¹[2].
- Alphabet plans to pay quarterly dividends in the future¹[2].
- The company also authorized an additional **$70 billion** in stock buybacks¹[2].
- Alphabet's total revenue was **$80.54 billion** for the quarter ended March 31, beating estimates³[3].
- Google Cloud revenue grew 28% in the first quarter³[3].
- Following the news, Alphabet's stock rose roughly **13%** in after-hours trading¹[2].
This move by Alphabet could help ease tech investors who were spooked by Meta's earnings call earlier this week¹[2]. Despite its earnings beat, Meta's shares fell 11% on Thursday after the company issued weak revenue guidance for Q2¹[2].
Please note that investing in stocks always comes with risks, and it's important to do your own research or consult with a financial advisor before making any investment decisions.
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