Google announces dividend for the first time, approves $70 billion buyback
2024-04-25 20:46:23
Google parent company Alphabet (GOOG. O) rose as much as 13 percent in after-hours trading on Thursday after the company reported better-than-expected quarterly revenue and net profit and excited investors by announcing a cash dividend of $0.20 a share. The board also approved a share buyback plan of up to $70 billion, CEO Sundar Pichai said in a statement. Our Quarter 1 results reflect strong performance in search, YouTube and Cloud as a Service.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
