Alphabet Inc. to Issue Quarterly Dividend of $0.21 (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.21 per share by the information services provider on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th.

Alphabet has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. 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 Down 0.5%

Shares of GOOGL traded down $1.79 during midday trading on Thursday, reaching $331.25. 87,750,567 shares of the stock were exchanged, compared to its average volume of 35,348,852. Alphabet has a 52 week low of $140.53 and a 52 week high of $349.00. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $321.32 and its two-hundred day moving average is $268.82. The company has a market capitalization of $4.00 trillion, a P/E ratio of 32.67, a PEG ratio of 2.05 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. On average, sell-side analysts anticipate that Alphabet will post 8.9 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.