Google (NASDAQ: GOOGL) is set to pay its quarterly dividend to shareholders on September 15.
As things stand, Alphabet Inc’s current forward dividend yield stands at 0.41%, based on an annual payout of $0.84 per share.
Sitting at $0.21 per share, the upcoming payout remains unchanged from the previous quarter. For investors holding 100 GOOGL shares, this translated to a total payment of $21.
Google stock performance
At the time of writing, Google shares were trading at $204.49, up 0.29% on the daily chart.
Currenlty, the stock appears to be marching towards its yearly and all-time high of $208.7, having broken through the $204.4 resistance zone and showing strong fundamentals.
Alphabet still stands out as a technology leader, with a market capitalization of nearly $2.5 trillion and a relatively modest P/E ratio of 22.16 when compared to its peers like Apple (NASDAQ: AAPL), whose P/E ratio sits at 35.1.
While web browser and YouTube ad businesses remain at the centre, the growth is also largely bolstered by Google’s recent advancements in artificial intelligence (AI), and its cryptocurrency moves, for example, its $3.2 billion investment in Bitcoin (BTC) miner TeraWulf, are likely to contribute.
However, the stock could see some short-term fluctuations depending on the outcome of the Department of Justice (DoJ) ruling on the company’s search engine monopoly case.
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