Alphabet Shares Jump 14% On Earnings Beat, First-Ever Dividend (cnbc.com)
- Reference: 0173643694
- News link: https://tech.slashdot.org/story/24/04/25/2318251/alphabet-shares-jump-14-on-earnings-beat-first-ever-dividend
- Source link: https://www.cnbc.com/2024/04/25/alphabet-set-to-report-first-quarter-results-after-market-close.html
> Earnings per share: $1.89 vs. $1.51 per share expected by LSEG
> Revenue: $80.54 billion vs. $78.59 billion expected by LSEG
>
> Wall Street is also watching several other numbers in the report:
>
> YouTube advertising revenue: $8.09 billion vs. $7.72 billion expected, according to StreetAccount.
> Google Cloud revenue: $9.57 billion vs. $9.35 billion expected, according to StreetAccount.
> Traffic acquisition costs (TAC): $12.95 billion $12.74 billion expected, according to StreetAccount.
>
> Alphabet's revenue increased 15% from $69.79 billion a year earlier, the fastest rate of growth since early 2022. Alphabet said its board approved a cash dividend of 20 cents per share to be paid on June 17, to stockholders of record as of June 10. The company said it "intends to pay quarterly cash dividends in the future."
[1] https://www.cnbc.com/2024/04/25/alphabet-set-to-report-first-quarter-results-after-market-close.html
Alphabet (Score:2)
I'm still amazed that company manages to accomplish anything. Seems like it's largely by accident.
such yield, very profit (Score:2)
20cents? Per $158USD share?? xD
Re: (Score:2)
Dividends and profit have nothing to do with share market value.
Re: such yield, very profit (Score:2)
"Let's say a public company's share price is $50, and it pays annual dividends equal to $1.50 per share. To determine the dividend yield, divide the dividend amount per share by the price per share: $1.50 / $50 = 0.03. Convert the decimal to a percentage, and you get a dividend yield of 3%." It's a pretty pathetic yield.
Re: (Score:2)
Again, the dividends and profit have nothing to do with share market value.
Dividend yield is a number used by those trying to see how much money they can make from their investment.
That's not the business' problem.
The dividend payout ratio on the stock is just fine. It's about 10% of the earnings per share.
Google would have to make a truly fucking stupid amount of money to have a yield ratio of anything appreciable. That's normal for any company with a high stock price.
Re: such yield, very profit (Score:2)
"Dividend yield is a number used by those trying to see how much money they can make from their investment. That's not the business' problem." Exactly, and it's a shit dividend yield meaning investors looking for passive income will laugh at it and wonder why they even bother. I'm not sure why you think I'm trying to say anything more than that? Plenty of high valued stocks pay greater dividends than that by the way. Eg Apple, IBM
Re: (Score:2)
It's a completely normal dividend for any high priced stock.
Why they bother? Because the stock performs 4x better than one with a higher dividend.
High-yield dividend stocks pay ~6%, or a payout ratio of ~40%. These are businesses that aren't expanding anymore.
And they've also had stable values for the last 30 years.
Apple pays 0.57%.
This is how I know you have no idea what you're talking about.
Re: such yield, very profit (Score:2)
0.57% is a larger yield than 0.12%. I have plenty of idea what I'm talking about but you seem to think I'm commenting on the company's profit specifically for some reason instead of what I actually said which is it's a shit dividend yield. And it is.
Re: (Score:2)
I've always been fascinated at the high valuation of non-voting, non-dividend-paying shares.
Kind of defeats the original selling points of stocks.
For retail, it enables them to indulge the gambling desire.
For Wall Street, they feed on the transaction fees and the trading.
Re: (Score:2)
It's a strange dynamic, for sure.
Google products (Score:1)
- Internet search
- Youtube
- Cloud computing
- Android ecosystem
Only the cloud portion is new in the last 10 years. Every other Google product introduced since 2010 has been either not meaningful to the revenue numbers or a failure.
Google is really just a slow moving company making a huge profit with stale products.
Long list of discontinued Google products: [1]https://en.wikipedia.org/wiki/... [wikipedia.org]
AI will likely not count for much revenue since it will be a race to the bottom cost and a commodity service.
[1] https://en.wikipedia.org/wiki/List_of_Google_products#Discontinued_products_and_services
Google finally realizes they aren't a startup (Score:2)
When a company starts paying stock dividends, it means they recognize that shareholders no longer believe they will earn enough return on their investment in stock shares alone. This is a normal part of the life cycle of a large business, but it certainly is a turning point.
enshittification works (Score:1)
This is precisely why Raghavan acted the way he did.
enshittification works.
squeezing from your customers and maximizing your monopolistic power while doing nothing innovative works.
when you're big enough it works for quite a while.
Re: (Score:2)
10%.
Little low, but not terrible.
Know how I know you're talking shit?
Because you don't know what a dividend payout ratio is ;)
It's not the fraction of the market value of the fucking stock lol