Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. It’s something that two older technology powerhouses, Microsoft and Apple, have been doing for years. Alphabet’s quarterly dividend of 20 cents per share will be paid June 17. Investing.com analyst Thomas Monteiro praised the decision to pay a dividend as “a breath of fresh air for the tech market” that should also make investors more likely to support the increased amounts that Google will likely need to spend on developing AI products that could take years to pay off. |
Australians Grace Kim and Hannah Green tied for lead in LPGA Tour’s JM Eagle LA ChampionshipVitality of traditional Chinese culture shines in museumMathew Barzal scores in 2nd OT as Islanders beat Hurricanes 3Chiefs owner: Leaving Arrowhead is an option after rejected sales taxKyle Larson's Indianapolis 500 qualifying attempt could derail NASCAR AllChiefs owner: Leaving Arrowhead is an option after rejected sales taxCharlize Theron cuts a casual figure in a TKyle Busch win the pole for NASCAR Cup race at Dover Motor SpeedwayMississippi Senate agrees to a new school funding formula, sending plan to the governorTeam Penske's Power, McLaughlin lock up front row at IndyCar after controversial week