Alphabet to pay first-ever quarterly dividend, $70B buyback

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In a historic move, Alphabet Inc. (GOOG, GOOGL) has approved a $70 billion share repurchase program and it's first-ever quarterly dividend. The dividend, set at $0.20 per share, will be distributed to eligible shareholders on June 17, 2024.

Yahoo Finance's Julie Hyman breaks down the details.

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This post was written by Angel Smith