Alphabet Inc. (NASDAQ:GOOG) Plans $0.21 Quarterly Dividend

Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, December 8th will be given a dividend of 0.21 per share by the information services provider on Monday, December 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 8th.

Alphabet has a payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alphabet to earn $10.23 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.2%.

Alphabet Stock Performance

NASDAQ GOOG traded down $7.85 on Friday, reaching $277.49. The stock had a trading volume of 12,540,285 shares, compared to its average volume of 23,396,734. Alphabet has a 1-year low of $142.66 and a 1-year high of $291.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a fifty day moving average of $250.48 and a two-hundred day moving average of $204.23. The company has a market cap of $3.36 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. Alphabet’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that Alphabet will post 8.89 EPS for the current year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the transaction, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 189,896 shares of company stock valued at $44,892,175. 12.99% of the stock is owned by company insiders.

Institutional Trading of Alphabet

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Smart Money Group LLC boosted its stake in Alphabet by 24.6% in the 1st quarter. Smart Money Group LLC now owns 2,186 shares of the information services provider’s stock worth $342,000 after purchasing an additional 432 shares in the last quarter. Leavell Investment Management Inc. grew its position in Alphabet by 4.0% during the 1st quarter. Leavell Investment Management Inc. now owns 98,777 shares of the information services provider’s stock worth $15,432,000 after purchasing an additional 3,757 shares during the last quarter. Forza Wealth Management LLC increased its stake in Alphabet by 2.0% during the 1st quarter. Forza Wealth Management LLC now owns 3,519 shares of the information services provider’s stock valued at $550,000 after purchasing an additional 70 shares in the last quarter. Finally, Peddock Capital Advisors LLC increased its stake in Alphabet by 1.1% during the 1st quarter. Peddock Capital Advisors LLC now owns 6,133 shares of the information services provider’s stock valued at $958,000 after purchasing an additional 66 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.