Google parent announces first-ever dividend; beats on sales, profit; shares soar

Technology

Reuters was first to report on Google-parent Alphabet declaring its first ever quarterly dividend and announcing a massive $70 billion buyback which sent its shares to a record high when markets opened the next day. 

Market Impact

Alphabet’s after-hours share surge of nearly 16% following the report increased its stock market value by about $300 billion to over $2 trillion.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: Americas

Countries: United States

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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