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Alphabet issues first-ever dividend, $70 billion buyback - TL;DR CNBC

Alphabet issues first-ever dividend, $70 billion buyback

Publishing timestamp: 2024-04-25 18:15:38


Summary

Alphabet announced its first-ever dividend of 20 cents per share and a $70 billion share repurchase, leading to a 15% increase in its stock price. This move follows Meta Platforms' decision to pay a dividend in February. Investors have been rewarding tech companies for cost-cutting measures and returning value to shareholders through buybacks and dividends. Amazon, on the other hand, has never issued a dividend close to the size of Google's.


Sentiment: POSITIVE

Tickers: GOOGL

Keywords: alphabet incbusiness newsdividendsweatherenterpriseeric schmidtbreaking news: technology

Source: https://www.cnbc.com/2024/04/25/alphabet-issues-first-ever-dividend-70-billion-buyback.html


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