Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is making a move it has long avoided -- initiating a dividend. The stock will now pay shareholders $0.80 per share annually, joining all of its megatech peers (other than Amazon) by becoming a dividend stock.

Traditionally, innovation and growth have driven Alphabet stock during its history. The company continues to dominate search and has long led the way in artificial intelligence (AI), incorporating AI into every product since 2016. Also, a liquidity position of $108 billion gives it tremendous resources to keep it on the cutting edge.

The question is whether this changes the investment case for the company.

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Source Fool.com