Alphabet surges past $3 trillion, announces first-ever dividend
Greg Bensinger and Akash Sriram
San Francisco | Alphabet announced its first-ever dividend on Thursday (Friday AEST) and a $US70 billion ($107 billion) stock buyback, cheering investors who sent the stock surging nearly 16 per cent after the bell.
The Google parent is returning capital while spending billions of dollars on data centres to catch up with rivals on generative artificial intelligence. The dividend will be US20¢ per share.
Reuters
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Technology
Fetching latest articles