Meta Platforms Is Finally Paying a Dividend. Is Alphabet Next?
Meta Platforms (NASDAQ: META), the world's largest social media company, recently surprised its investors by initiating its first-ever dividend. Its quarterly dividend of $0.50 only constitutes a forward yield of 0.4%, but it was still a confident move that indicated its core advertising business could continue growing for the foreseeable future.
So could Meta's biggest advertising competitor, Google's parent company Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), also start paying dividends in the near future? Let's take a look at Alphabet's free cash flow (FCF) growth to find out.
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Source Fool.com
Alphabet Inc. A Stock
€153.82
-0.320%
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
