Companies Paid Their Investors $16 Billion More in Dividends Last Quarter. These 2 Magnificent Stocks Helped Drive the Increase.
Companies have been increasingly generous in distributing a portion of their profits to shareholders over the past year. U.S. companies paid a net $16 billion more in dividends during the second quarter, according to S Dow Jones Indices. That was slightly more than the net increase in the first quarter and about four times higher than in the prior-year period.
Many companies contributed to the increase by initiating a dividend or raising their payout. However, two companies stood out as the biggest drivers of the boost in dividend payments last quarter: Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META). Here's a closer look at these two magnificent dividend stocks.
Tech titan and "Magnificent Seven" member Alphabet initiated a regular quarterly dividend in late April. It made its first payment of $0.20 per share in mid-June.
Source Fool.com
Alphabet Inc. C Stock
With 27 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
As a result the target price of 165 € shows a slightly positive potential of 10.29% compared to the current price of 149.6 € for Alphabet Inc. C.
