It's Time for This "Magnificent Seven" Stock to Join Its Rivals and Start Contributing to This $1.7 Trillion Payout
Last year, companies around the world paid a record $1.7 trillion in dividends to their shareholders, a 5% increase from the prior year. Leading the way were tech titans Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) at $20.7 billion and $14.9 billion, respectively.
Dividend payments are likely to set a new record this year. One catalyst is that fellow tech titan Meta Platforms (NASDAQ: META) initiated a dividend, which should total more than $5 billion this year. It's now the fourth member, along with Nvidia, of the vaunted "Magnificent Seven" to join the bandwagon of dividend-paying stocks.
Among the holdouts is (NASDAQ: GOOG)(NASDAQ: GOOGL). It's high time for the search giant to start paying dividends. Here's why.
Source Fool.com
Alphabet Inc. A Stock
€141.60
-0.660%
The stock is an absolute favorite of our community with 96 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a positive potential of 27.12% compared to the current price of 141.6 € for Alphabet Inc. A.
