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

Alphabet Inc. (NASDAQ:GOOGL) announced a quarterly dividend on Wednesday, July 22nd. Shareholders 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 payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alphabet to earn $14.87 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 5.9%.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $317.69 on Friday. The company has a 50-day simple moving average of $364.48 and a 200-day simple moving average of $338.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $3.85 trillion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. Alphabet has a 12 month low of $187.82 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 57.20%. On average, equities analysts anticipate that Alphabet will post 14.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on GOOGL shares. The Goldman Sachs Group boosted their price target on Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays restated an “overweight” rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Robert W. Baird upped their target price on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 target price on shares of Alphabet in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $419.86.

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.