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Google parent Alphabet delivers first-ever dividend; shares soar

Google parent company Alphabet joined a handful of rival tech giants paying dividends, announcing its first-ever planned payout during its latest quarterly results, which were driven by momentum in search and plans to be even more dominant in AI.  The 0.20cashdividendwillbepaidJune17toshareholdersofrecordasofJune10forallthreeclassesofcompanysharesA,BandC.Thesearchgiantalsoauthorized0.20 cash dividend will be paid June 17 to shareholders of record as of June 10 for all three classes of company shares A, B and C. The search giant also authorized 70 billion in new share repurchases. The company is sitting on $108 billion in cash. Stocks I ...