Google parent Alphabet announces its first-ever dividend - Qoneqt
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    QONEQT in India

    26 Apr 06:00 PM


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    Google parent Alphabet announces its first-ever dividend

    Googles parent company Alphabet announced its inaugural dividend and a $70 billion stock repurchase, resulting in the stock price soaring by almost 16% after the market closed. The dividend amount per share will be 20 cents. Alphabet is returning capital while spending billions of dollars on data centres to compete with rivals on generative artificial intelligence (AI).