Alphabet Inc. Plans Quarterly Dividend of $0.22 (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, September 7th will be paid a dividend of 0.22 per share by the information services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th.

Alphabet has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alphabet to earn $14.87 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 5.9%.

Alphabet Stock Performance

Shares of GOOG traded down $23.57 on Thursday, reaching $318.34. 46,606,265 shares of the company’s stock traded hands, compared to its average volume of 21,600,643. The stock’s 50 day simple moving average is $363.69 and its two-hundred day simple moving average is $337.49. The stock has a market cap of $3.86 trillion, a PE ratio of 24.28, a PEG ratio of 1.43 and a beta of 1.23. Alphabet has a 52-week low of $188.70 and a 52-week high of $404.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.88 by $6.23. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.06 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, analysts forecast that Alphabet will post 14.34 earnings per share for the current fiscal year.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 with revenue up 24% year over year, EPS well above estimates, and Google Cloud revenue jumping 82%, showing AI demand is still translating into growth. Google quarterly cloud revenue growth beats expectations
• Positive Sentiment: YouTube ad revenue rose 13% to more than $11 billion, and Gemini usage climbed to 950 million monthly users, reinforcing Alphabet’s AI and platform momentum. Google’s Gemini app nips at ChatGPT’s heels as it nears 1 billion users
• Neutral Sentiment: Several analysts still have bullish ratings and price targets on GOOG, suggesting Wall Street sees upside if Alphabet can justify its AI investment cycle. Alphabet To Rally Around 39%? Here Are 10 Top Analyst Forecasts For Thursday
• Negative Sentiment: Investors are worried Alphabet’s AI buildout is becoming too expensive after the company lifted capex guidance and showed negative free cash flow, raising doubts about near-term returns. Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the EU fined Google about $1 billion over Search and Play Store practices, adding another overhang on sentiment. Google hit with $1 billion EU fine, first under landmark rules

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.