Google Parent Company Alphabet Just Proved Why Dividends Matter, Even for Growth Stocks
Just one quarter after Meta Platforms announced its first-ever dividend payout, (NASDAQ: GOOG) (NASDAQ: GOOGL) joined Meta, Microsoft, and Apple to become the fourth "Magnificent Seven" company to reward shareholders with a quarterly dividend. Nvidia technically pays one too, but at a negligible 0.02% yield, it's a nonfactor to investors.
Alphabet's dividend will start at just $0.20 per share, but the company said it intends to sustain this quarterly payout into the future, meaning it could build off this initial level.
Source Fool.com
Alphabet Inc. C Stock
€155.08
-0.640%
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 167 € there is a slightly positive potential of 7.69% for Alphabet Inc. C compared to the current price of 155.08 €.
