Alphabet Inc. (NASDAQ:GOOGL) to Issue Quarterly Dividend of $0.22

Alphabet Inc. (NASDAQ:GOOGL) declared 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 is Friday, September 4th.

Alphabet has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.87 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 5.9%.

Alphabet Stock Down 7.1%

Alphabet stock traded down $24.40 during midday trading on Thursday, hitting $317.69. 69,110,670 shares of the stock were exchanged, compared to its average volume of 32,519,820. Alphabet has a 52-week low of $187.82 and a 52-week high of $408.61. 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 business’s 50-day moving average price is $366.14 and its 200-day moving average price is $338.86. The stock has a market capitalization of $3.85 trillion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, research analysts expect that Alphabet will post 14.34 EPS for the current fiscal year.

Alphabet Company Profile

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.