Alphabet Inc. (NASDAQ:GOOGL) Announces $0.21 Quarterly Dividend

Alphabet Inc. (NASDAQ:GOOGL) declared a quarterly dividend on Tuesday, October 21st. Stockholders 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 dividend yield of 0.3%. The ex-dividend date is Monday, December 8th.

Alphabet has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Alphabet stock opened at $321.27 on Friday. The firm has a market capitalization of $3.88 trillion, a PE ratio of 31.68, a P/E/G ratio of 1.84 and a beta of 1.07. Alphabet has a 52 week low of $140.53 and a 52 week high of $328.83. The firm’s 50-day simple moving average is $276.15 and its 200 day simple moving average is $224.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. On average, equities research analysts predict that Alphabet will post 8.9 EPS for the current fiscal year.

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.