By Kuldip K. Ambastha
Alphabet Inc. (GOOG), the parent company of Google, was a star performer on Wednesday February 2, 2022 when its stock delivered a +7.4% return for the trading day. The company’s earnings and revenue figures for the latest reporting quarter exceeded expectations. Furthermore, the company also announced a 20-for-1 stock split which will, subject to shareholder approval, take effect after the close of business on Friday, July 15, 2022. Splitting 1 current share into 20 shares through a one-time special stock dividend payout may make the stock of Alphabet Inc. more affordable to retail investors and also could help Alphabet Inc. become a constituent of the Dow Jones Industrial Average (DJIA). Stay tuned to see if shareholders will approve this stock split plan put forward by Alphabet Inc.
Keywords – Alphabet Inc., Alphabet, Google, GOOG, Dow Jones Industrial Average, Dow Jones, DJIA, technology, tech, earnings, revenue, stock split, dividend payout, shareholders, retail investors.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in GOOG.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.
CONTACT US