Google parent announces first-ever dividend; beats on sales, profit; shares soar

ETtech.com— Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share. Just three months ago, Alphabet's Big Tech rival, Meta Platforms, announced its own first-ever dividend, a move that lifted the social media...

New York Post—Google's parent announces first-ever dividend, sending shares soaring: 'Breath of fresh air'. CEO Sundar Pichai touted Google’s AI offerings as a boon to its core search results.

@MichaelWestBiz—Google parent Alphabet's first dividend boosts shares. Alphabet has announced its first dividend and a $US70 billion ($A107 billion) stock buybuck, cheering investors who sent the stock surging nearly 16 per cent after the bell. The Google parent is returning capital while spending billions of dollars on data centres to catch up with rivals on generative artificial intelligence. The dividend will be […]

The Guardian—Google parent Alphabet hits $2tn valuation as it announces first dividend. Tech company’s shares rise as it plans to reward investors after strong quarterly results Google’s parent company has hit a stock market value of $2tn (£1.6tn) as investors reacted to a declaration of its first ever dividend alongside strong results on Thursday.Shares in Alphabet rose 10% in early Wall Street trading on Friday to give the tech group a stock market capitalisation – a measure of a corporation’s value – of more than $2tn. Alphabet last hit that level in intraday trading in 2021,...