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Alphabet issues first ever dividend, $70 billion buyback [MSNBC.com]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
April 25, 2024, 9:25 PM UTC/ Source : .comByRohan Goswami, Alphabetsaid ThursdayThe company’s move comes after Meta’s board authorized its first ever dividend in February. Google’s parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024.Shares shot up 15% in after hours trading. The news was announced alongside better-than-expectedfirst-quarter earningsauthorized an identically sized repurchaseMore from The dividend is payable to all class of shares, including super-voting Class B shareholders, as well as nonvoting Class C shareholders. Most Google investors own the company through Class A shares. All shareholders of record as of June 10 will receive the dividend the same month.Co-founder Sergey Brin, who owns more than 730 million Class B and C shares, will receive a $146 million payout. Co-founder Larry Page, who owns 389 million Class B shares, will get a dividend payment of $78 million.Investors have bee
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