Google Parent Alphabet to Issue Cash Dividend for First Time, Does Another $70 Billion Stock Buyback
by WSJ
WSJ— Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time.
Neowin—Google parent Alphabet will issue cash dividends for stock holders for the first time. Google's parent company Alphabet announced its first quarter 2023 financial results today. It also announced that it will give stock holders a quarterly cash dividend for the first time.
NBC News—Alphabet issues first ever dividend, $70 billion buyback. Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and that its board authorized the repurchase of up to $70 billion in stock. The company’s move comes after Meta’s board authorized its first ever dividend in February. Google’s parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024. Shares shot up 15% in after hours trading. The news was announced alongside better-than-expected first-quarter earnings. Alphabet...
CNBC—Alphabet issues first-ever dividend, $70 billion buyback. Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program alongside its first-quarter earnings.