Google parent Alphabet (GOOG) just announced a quarterly dividend — adding to the S&P 500 dividend average. But don't get your hopes up too high.
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The company is paying just 20 cents a share starting on July 17. Assuming that dividend is paid four times a year, Alphabet will yield just 0.46%. That's a paltry dividend even by S&P 500 standards.
At 0.51%, Alphabet's yield is less than half the 1.3% paid by the S&P 500. It also ranks 377th out of the S&P 500. It's also small next to some other tech giants' tiny dividends. Apple (AAPL) yields slightly more at 0.57% and Microsoft (MSFT) yields 0.73%.
With that said, it's nice to see some of the giant Magnificent Seven S&P 500 companies start to yield at least something.
Alphabet is paying a higher dividend yield than Meta (META) and Nvidia (NVDA). And Amazon.com (AMZN) and Tesla (TSLA) still pay zero dividends.
Something is better than nothing.
Yields Of 15 Most Valuable S&P 500 Stocks
| Company | Ticker | Dividend yield |
|---|---|---|
| Exxon Mobil | (XOM) | 3.13% |
| JPMorgan Chase | (JPM) | 2.38 |
| Broadcom | (AVGO) | 1.62 |
| UnitedHealth Group | (UNH) | 1.52 |
| Walmart | (WMT) | 1.38 |
| Visa | (V) | 0.76 |
| Microsoft | (MSFT) | 0.75 |
| Eli Lilly | (LLY) | 0.72 |
| Apple | (AAPL) | 0.57 |
| Alphabet | (GOOGL) | 0.46 |
| Meta Platforms | (META) | 0.45 |
| Nvidia | (NVDA) | 0.02 |
| Amazon.com | (AMZN) | 0.00 |
| Berkshire Hathaway | (BRKA) | 0.00 |
| Tesla | (TSLA) | 0.00 |
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