Alphabet Inc. (GOOG) To Go Ex-Dividend on December 8th

Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 8th will be given a dividend of 0.21 per share by the information services provider on Monday, December 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th.

Alphabet has a payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $10.23 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.2%.

Alphabet Stock Up 1.2%

GOOG stock opened at $322.09 on Friday. The firm has a market cap of $3.89 trillion, a PE ratio of 31.76, a PEG ratio of 1.84 and a beta of 1.07. The company has a fifty day simple moving average of $276.73 and a 200 day simple moving average of $224.86. Alphabet has a 1 year low of $142.66 and a 1 year high of $328.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same period last year, the business earned $2.12 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet will post 8.89 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the transaction, the chief accounting officer directly owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 228,906 shares of company stock worth $62,127,158. 12.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFS Advisors LLC boosted its position in Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after buying an additional 120 shares in the last quarter. Robbins Farley boosted its holdings in shares of Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC raised its position in Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Fairman Group LLC boosted its stake in Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after purchasing an additional 97 shares in the last quarter. Finally, University of Illinois Foundation bought a new stake in shares of Alphabet during the second quarter worth $31,000. 27.26% of the stock is owned by institutional investors.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.