Google parent Alphabet just announced a quarterly dividend — adding to the S&P 500 dividend average. But don't get your hopes up too high.
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 yields slightly more at 0.57% and Microsoft 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 and Nvidia. And Amazon.com and Tesla still pay zero dividends.
Something is better than nothing.
Yields Of 15 Most Valuable S&P 500 Stocks
| Company | Ticker | Dividend yield |
|---|---|---|
| Exxon Mobil | 3.13% | |
| JPMorgan Chase | 2.38 | |
| Broadcom | 1.62 | |
| UnitedHealth Group | 1.52 | |
| Walmart | 1.38 | |
| Visa | 0.76 | |
| Microsoft | 0.75 | |
| Eli Lilly | 0.72 | |
| Apple | 0.57 | |
| Alphabet | 0.46 | |
| Meta Platforms | 0.45 | |
| Nvidia | 0.02 | |
| Amazon.com | 0.00 | |
| Berkshire Hathaway | 0.00 | |
| Tesla | 0.00 |
