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Published: Apr 29, 2024 3 min read

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Illustration of a stock market graph reminiscent of Google's company colors amongst celebratory fireworks
Rangely Garcia for Money

Google's parent company Alphabet recently made some announcements that should have current shareholders and prospective investors equally excited.

In its earnings call on Thursday, April 25, Alphabet (GOOGL) reported better-than-expected first quarter earnings, a $70 billion stock buyback plan and — most intriguing of all — the approval of its first-ever dividend.

Shares of the company jumped nearly 15% in after-hours trading on the news, increasing Alphabet's valuation by $196 billion, which marked its largest single-day gain since 2015.