Alphabet Inc. (NASDAQ:GOOGL) Declares Quarterly Dividend of $0.22

Alphabet Inc. (NASDAQ:GOOGL) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.22 per share by the information services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a 4.8% increase from Alphabet’s previous quarterly dividend of $0.21.

Alphabet has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.74 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 6.0%.

Alphabet Price Performance

Shares of GOOGL stock opened at $368.53 on Friday. The firm has a market cap of $4.47 trillion, a P/E ratio of 28.11, a P/E/G ratio of 1.59 and a beta of 1.23. Alphabet has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The business’s 50 day moving average price is $352.70 and its 200-day moving average price is $327.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. On average, equities research analysts anticipate that Alphabet will post 14.29 earnings per share for the current year.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.