Alphabet Inc. (GOOG) to Issue Quarterly Dividend of $0.22 on September 14th

Alphabet Inc. (NASDAQ:GOOG) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, September 7th will be given 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 yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th.

Alphabet has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.75 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 Stock Performance

Shares of GOOG stock opened at $332.03 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet has a 52 week low of $206.96 and a 52 week high of $404.47. The stock has a market capitalization of $4.06 trillion, a PE ratio of 16.68, a P/E/G ratio of 0.97 and a beta of 1.23. The firm has a 50 day moving average of $347.23 and a two-hundred day moving average of $340.34.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, research analysts predict that Alphabet will post 20.5 EPS for the current fiscal year.

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.