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

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 dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. 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

NASDAQ GOOGL opened at $321.27 on Friday. Alphabet has a 12 month low of $140.53 and a 12 month high of $328.83. 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. The company’s 50 day simple moving average is $276.15 and its 200 day simple moving average is $224.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus set a $333.00 price target on Alphabet in a research report on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $290.00 target price on shares of Alphabet in a report on Wednesday, October 22nd. KeyCorp restated an “overweight” rating and set a $300.00 price target (up from $265.00) on shares of Alphabet in a report on Monday, October 27th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Alphabet in a research report on Tuesday, November 25th. Finally, Barclays reiterated an “overweight” rating and issued a $315.00 target price (up previously from $250.00) on shares of Alphabet in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $312.65.

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.