LMAOAlphabet issues first-ever dividend, $70 billion buyback
POINTS
- Alphabet authorized its first-ever dividend of 20 cents per share, as well as a new $70 billion share repurchase.
- The news, announced alongside first-quarter earnings, helped to send the Google parent’s shares up 15%.
- Alphabet joins Meta as the latest of the large-cap tech companies to begin paying a dividend.
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