Alphabet authorized its first ever dividend of 20 cents per share, as well as a new $70 billion share repurchase.
The company's move comes after Meta's board authorized its first ever dividend in February. Google's parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024.The dividend is payable to all class of shares, including super-voting Class B shareholders, as well as non-voting Class C shareholders. Most Google investors own the company through Class A shares. All shareholders of record as of June 10 will receive the dividend the same month.
Source: News Formal (newsformal.com)
Eric Schmidt Dividends Alphabet Inc Weather Breaking News: Technology Business News
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