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

Alphabet Inc. (NASDAQ:GOOG) announced a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, June 8th will be given 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 of this dividend 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% meaning its dividend is sufficiently covered by earnings. 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

GOOG opened at $365.76 on Friday. The company has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.58 and a beta of 1.22. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $350.06 and a 200-day moving average price of $327.07. Alphabet has a twelve month low of $163.33 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the company earned $2.81 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. Equities analysts expect that Alphabet will post 14.29 EPS for the current year.

Analysts Set New Price Targets

GOOG has been the topic of several recent research reports. Oppenheimer increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen reissued a “buy” rating on shares of Alphabet in a research report on Thursday, May 21st. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Monday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $376.00.

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.