Alphabet Initiates Dividend
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Alphabet (GOOG) initiated a quarterly dividend of 20¢ per share.
The dividend will be paid on 17 June to shareholders of record on 10 June. The ex-dividend date is 7 June.
GOOG's contribution to DivGro's projected annual dividend income will be $32.00.
I own 40 shares of GOOG at an average cost basis of $46.75 per share. Following this initiation, my yield on cost is 1.71%. (GOOG's forward yield is 0.46% at $173.69 per share).
Since I opened my GOOG position in June 2017, the stock has produced an annualized total return of 39.6%.
GOOG became DivGro's 32nd Home Run stock in February 2021, when the stock doubled my original capital outlay.
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Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...
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