Alphabet Inc. (GOOG) To Go Ex-Dividend on June 8th

Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend on Monday, April 27th. Stockholders of record on Monday, June 8th will be given a dividend of 0.22 per share by the information services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a 4.8% increase from Alphabet’s previous quarterly dividend of $0.21.

Alphabet has a payout ratio of 8.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Alphabet to earn $14.74 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 6.0%.

Alphabet Trading Down 1.0%

NASDAQ GOOG opened at $365.76 on Friday. Alphabet has a 12 month low of $163.33 and a 12 month high of $404.47. The company has a 50-day moving average of $350.06 and a 200-day moving average of $327.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $4.43 trillion, a P/E ratio of 27.90, a P/E/G ratio of 1.58 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities analysts predict that Alphabet will post 14.29 earnings per share for the current year.

About Alphabet

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.