Alphabet Issues Convertible Preferred Stock with a 6.25% Dividend Yield
In June 2024, Alphabet initiated its first quarterly dividend of $0.20 per share, which has since increased to $0.22 per quarter. To fund AI infrastructure expansion, the company raised nearly $85 billion through equity markets and issued $16.75 billion in convertible preferred stock with a 6.25% yield.
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Topics: capital_raise dividend preferred_stock