Alphabet's Dividend Outlook for 2024

2 min read | September 16, 2024 01:37 PM PDT | By Team Kalkine Media

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Alphabet has introduced its first-ever dividend in 2024, with a payment of $0.20 per share announced for both June and September.
The total anticipated dividend payout for the year is $7.5 billion, given the current number of shares outstanding and dividend rate.
While Alphabet's future dividend plans are uncertain, the company's substantial cash reserves and commitment to returning capital to shareholders suggest potential for continued dividend payments.

Alphabet (NASDAQ:GOOG) the parent company of Google, made headlines in 2024 with its announcement of a first-ever dividend, revealed alongside its first-quarter earnings. The company declared a dividend of $0.20 per share, payable to shareholders of record as of June 10, with the payment executed on June 17. This was followed by another $0.20 dividend per share, scheduled for mid-September.

To date, Alphabet has declared only these two dividends. However, it is expected that the company might announce a similar quarterly dividend for December when it releases its next financial report. If the dividend rate remains constant, Alphabet will distribute a total of $0.60 per share in dividends throughout 2024.

With 12.48 billion shares outstanding, Alphabet's total dividend payout for the year is projected to be $7.5 billion.

While the company has recently begun paying dividends and future plans remain unclear, Alphabet's robust cash reserves exceeding $100 billion and its focus on returning capital to shareholders suggest the possibility of sustained or potentially increased dividend payouts in the future.

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