Alphabet follows Meta, which announced its first dividend in February.
  • samus7070@programming.dev
    3·
    8 months ago

    That’s really a lame dividend. I have no idea why the stock would shoot up 15% to $160 on the news that shareholders will receive $0.20 per share. Even with the buyback program it won’t be that big of a boost. The better asset allocation would’ve been to keep innovating but I guess they’re out of ideas?

    • sik0fewl
      6·
      8 months ago

      No, that was the previous logical step. They’ve been doing it for a year, including in the last week.