Alphabet Inc. (NASDAQ:GOOG – Get Free Report) declared a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Monday, September 9th will be paid a dividend of 0.20 per share by the information services provider on Monday, September 16th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, September 9th.
Alphabet Price Performance
Shares of NASDAQ GOOG traded down $0.48 during trading on Friday, hitting $168.68. 24,820,434 shares of the company were exchanged, compared to its average volume of 20,657,656. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.15. Alphabet has a 1 year low of $121.46 and a 1 year high of $193.31. The company has a market cap of $2.08 trillion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.28 and a beta of 1.05. The firm’s fifty day moving average price is $180.74 and its 200 day moving average price is $161.58.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. On average, sell-side analysts expect that Alphabet will post 7.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Alphabet
Insiders Place Their Bets
In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00. Following the sale, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at $403,141,173.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,888 shares of company stock valued at $25,699,259. Insiders own 12.99% of the company’s stock.
Alphabet Company Profile
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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