Alphabet authorizes $70 billion stock buyback and first-ever dividend

In a historic move, Alphabet Inc. (GOOG, GOOGL) has announced it's first-ever $70 billion share repurchase program and quarterly dividend. The dividend, set at $0.20 per share, will be distributed to eligible shareholders on June 17, 2024.
Yahoo Finance's Julie Hyman breaks down the details.
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[MickyGlover]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[PeterSedesse]

I don't think it says anything about Google other than they realize that a lot of mutual funds can only invest in companies that pay out dividends. So google basically added a pretty meaningless dividend just to qualify. . I own a company called NAT that has a 13% dividend.. they run oil tankers and have a ton of money coming in, but really don't have much of a way to use it except occasionally adding a tanker to their fleet.. so basically every quarter they return most of their profits to shareholders.

[OC_Lofton]

The only individual stocks I buy regularly pay out dividends - monthly preferably.

[ovsvnsl]

The buyback could be a regular affair.

I am accumulating.

[ovsvnsl]

Alphabet $300.

The buybackay could be a regular thing.

[ovsvnsl]

Climbing up again. Alphabet is on its way to $300.

[RedisJanus]

hey i am alphabet Inc and i getting a lawyer

[noahsouza]

company getting ready for the market drop lol

[goldeneastgun]

All this means is that Google is out of ideas. Instead of innovating, they have to appease shareholders by traditional financial manoeuvring. In other words, Google has topped out.

[ojrrfjb]

I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andras Bohm!!!!

[theteacher]

Stop giving dividend. Use the money on r&d, share buyback and to lower debt. Dividend is utterly useless