Google stock surges 16 per cent as tech giant announces first cash dividend for investors
by The Independent
The Independent— Shares rise over 16 per cent to take company’s stock market value to over $2tn
@cityam—Alphabet surges 11 per cent on strong earnings, unveils first dividend payout. Alphabet shares surged in after-hours trading on Thursday after Google's parent company impressed investors with a blowout first-quarter earnings report and initiated a $70 billion stock buyback program alongside its first-ever dividend declaration.
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.
WSJ—Google Parent Alphabet to Issue Cash Dividend for First Time, Does Another $70 Billion Stock Buyback. 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.