Alphabet Inc. (GOOGL) To Go Ex-Dividend on September 4th

Alphabet Inc. (NASDAQ:GOOGL) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, September 7th will be given a dividend of 0.22 per share by the information services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th.

Alphabet has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.75 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 6.0%.

Alphabet Trading Down 1.3%

NASDAQ:GOOGL opened at $335.02 on Wednesday. The stock has a market cap of $4.10 trillion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet has a 1 year low of $206.20 and a 1 year high of $408.61. The business has a fifty day moving average of $349.18 and a 200-day moving average of $342.18.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Equities analysts predict that Alphabet will post 20.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Piper Sandler restated an “overweight” rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Pivotal Research reiterated a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Citizens Jmp reissued a “market outperform” rating and set a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company set a $411.00 target price on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $420.19.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.