This latest move by Alphabet’s board is seen as a significant step for the tech giant. The decision to issue a dividend of 20 cents per share marks a milestone for the company, showcasing its financial strength and commitment to returning value to shareholders. Additionally, the authorization of a $70 billion share repurchase program indicates confidence in the company’s future growth and stability.

The timing of this announcement comes shortly after Meta, formerly known as Facebook, declared its first-ever dividend earlier this year. With Google’s parent company holding substantial cash reserves and marketable securities, the decision to initiate a dividend payout and share buyback reflects a strategic use of capital to enhance shareholder returns and demonstrate financial prudence.

As Alphabet continues to navigate a rapidly evolving tech landscape and faces regulatory scrutiny, the company’s proactive measures to reward shareholders and strengthen its financial position are likely to be well received by investors and analysts. The market will be watching closely to see how this announcement impacts Alphabet’s stock performance and long-term growth trajectory. Stay tuned for updates as this story develops.