Alphabet Inc. (NASDAQ:GOOG) Plans $0.22 Quarterly Dividend

Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, September 7th will be paid a dividend of 0.22 per share by the information services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th.

Alphabet has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.87 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 5.9%.

Alphabet Trading Down 6.9%

NASDAQ GOOG traded down $23.57 during trading hours on Thursday, hitting $318.34. 46,606,265 shares of the company’s stock were exchanged, compared to its average volume of 21,600,643. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Alphabet has a 12-month low of $188.70 and a 12-month high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The business’s 50 day moving average is $363.69 and its 200-day moving average is $337.49.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $6.23. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.06 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 earnings per share. As a group, analysts anticipate that Alphabet will post 14.34 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.