--- title: Alphabet, Now a $2 Trillion Company, Will Start Paying Dividends to Shareholders description: After announcing a dividend to shareholders and $70 billion stock buyback program, Google parent Alphabet is worth over $2 trillion. authors: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 131 covers: - Investing - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2024-04-29T15:15:21.000Z' modified: '2024-04-29T15:53:31.000Z' section: Investing tags: - News - stocks word_count: 364 canonical: https://money.com/alphabet-stock-google-start-paying-dividends/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Illustration of a stock market graph reminiscent of Google's company colors amongst celebratory fireworks](https://img.money.com/2024/04/Investing-Alphabet-Announces-Dividend-Joins-Trillion-Club.jpg?crop=0px%2C135px%2C2880px%2C1620px&quality=85) 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)](https://money.com/how-to-buy-alphabet-stock/) 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. According to *Barron's*, the surge in valuation resulted in Alphabet becoming the fourth member of the $2 trillion market cap club (along with Microsoft, [Apple](https://money.com/how-to-buy-apple-stock/) and Nvidia) 947 days after breaching $1 trillion in market cap in July 2020. ## Build a balanced portfolio with Robinhood ### Invest in stocks, options, and ETFs at your pace and commission-free. Click on your state to get started. [Start Investing](https://money.com/pr/w534f64483f7?ap_referrer=%2Falphabet-stock-google-start-paying-dividends%2F) ## How much will Alphabet's dividend pay? The dividend announcement was of particular interest to investors. In doing so, Alphabet now joins fellow "Magnificent Seven" companies Apple, [Meta](https://money.com/how-to-buy-facebook-stock/), Microsoft and Nvidia in providing shareholders with quarterly yield, leaving Amazon and Tesla as the only two companies in the cohort that do not. The dividend is currently yielding 0.46%, or 20 cents per share, with all three classes of the stock — A, B and C — eligible to receive the payment. Alphabet's first distribution will occur on June 17 and will be paid to shareholders of record as of June 10, meaning investors must own the stock by that ex-dividend date in order to be eligible to receive the payment. ## Earnings blew away forecasts In their earnings call after the market closed, Alphabet announced [earnings per share](https://money.com/what-is-earnings-per-share-eps/) (EPS) of $1.89 and quarterly revenue of $80.5 billion, which beat forecasts of $1.50 and $78.7 billion by 25.61% and 2.34%, respectively. This marks the fifth consecutive quarterly EPS beat for the company, and the fourth in a row that revenue has exceeded analysts' expectations. The earnings beat marked a 15% year-over-year gain, good for $23.6 billion in net income, or profit, for the first quarter of 2024. Shares of GOOGL are up 57% over the past year. ## Invest and trade in real time with Robinhood ### Robinhood makes investing in financial markets more affordable, more intuitive, and more fun, no matter how much experience you have. Click below to start investing today! [Start Investing](https://money.com/pr/fc4ee174c128?ap_referrer=%2Falphabet-stock-google-start-paying-dividends%2F) ![](https://s3.consumersadvocate.org/prd/image/image/16291/medium_00c49a6e-a3eb-40b2-b805-13b4258cd431.png) Become a better investor with Robinhood [INVEST TODAY](https://money.com/pr/w589e9f64e7d?ap_referrer=%2Falphabet-stock-google-start-paying-dividends%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/alphabet-stock-google-start-paying-dividends/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Stocks", "item": "https://money.com/stocks/" }, { "@type": "ListItem", "position": 4, "name": "Alphabet, Now a $2 Trillion Company, Will Start Paying Dividends to Shareholders" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/alphabet-stock-google-start-paying-dividends/#webpage", "url": "https://money.com/alphabet-stock-google-start-paying-dividends/", "name": "Alphabet, Now a $2 Trillion Company, Will Start Paying Dividends to Shareholders", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2024-04-29T15:15:21.000Z", "mainEntity": { "@id": "https://money.com/alphabet-stock-google-start-paying-dividends/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/alphabet-stock-google-start-paying-dividends/#breadcrumb" }, "dateModified": "2024-04-29T15:53:31.000Z" }, { "@type": "NewsArticle", "headline": "Alphabet, Now a $2 Trillion Company, Will Start Paying Dividends to Shareholders", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2024/04/Investing-Alphabet-Announces-Dividend-Joins-Trillion-Club.jpg?crop=0px%2C135px%2C2880px%2C1620px&quality=85", "width": 1012, "height": 569, "caption": "Investing-Alphabet-Announces-Dividend-Joins-Trillion-Club" } ], "author": [ { "@type": "Person", "name": "Jordan Chussler", "url": "https://money.com/author/jordan-chussler/", "@id": "https://money.com/author/jordan-chussler/#author", "description": "Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. 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