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Alphabet issues first ever dividend, $70 billion buyback (www.nbcnews.com)

submitted 6 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] samus7070@programming.dev 3 points 6 months ago

That’s really a lame dividend. I have no idea why the stock would shoot up 15% to $160 on the news that shareholders will receive $0.20 per share. Even with the buyback program it won’t be that big of a boost. The better asset allocation would’ve been to keep innovating but I guess they’re out of ideas?

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