Alphabet Inc. (GOOG) To Go Ex-Dividend on December 8th

Alphabet Inc. (NASDAQ:GOOG) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, December 8th will be paid a dividend of 0.21 per share by the information services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th.

Alphabet has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alphabet to earn $10.23 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 8.2%.

Alphabet Price Performance

Alphabet stock opened at $279.70 on Friday. The firm has a fifty day moving average of $251.81 and a 200-day moving average of $205.14. Alphabet has a 52-week low of $142.66 and a 52-week high of $291.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.38 trillion, a P/E ratio of 27.58, a PEG ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.During the same period in the prior year, the firm earned $2.12 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts predict that Alphabet will post 8.89 EPS for the current year.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.