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

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.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith