You Can Now Invest in Alphabet With a 6% Dividend Yield, but There's a Catch
Key takeaways
- GOOG NVDA INTC Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) initiated a dividend about two years ago, paying a minuscule $0.20 per share each quarter.
- But investors searching for yield and exposure to the massive AI stock now have another option.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
GOOG NVDA INTC Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) initiated a dividend about two years ago, paying a minuscule $0.20 per share each quarter. It s since raised that dividend to $0.22 per quarter, for a yield of approximately 0.24% on its common stock. That s not exactly a dividend that has income investors salivating.
But investors searching for yield and exposure to the massive AI stock now have another option. Alphabet recently raised $85 billion in capital by issuing new equity. About 20% of that came in the form of mandatory convertible preferred stock. Those shares currently yield over 6%, and you can buy them right now under the tickers GOOGM (tied to Class A common stock) and GOOGN (tied to Class C shares).
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »