Alphabet Sets a $15.63 Quarterly Dividend for Preferred Shares
Photo: TokenPost
On Oct. 22, Alphabet set a Nov. 15 distribution of $15.63 for each Series A and Series B mandatory convertible preferred share. Holders of record on Nov. 1 are eligible, with the record cutoff at 5 p.m. ET. The full-quarter amount reflects the shares’ 6.25% annual dividend rate. Twenty depositary shares together correspond to one preferred share. Dividing the $15.625 full-quarter amount by 20 gives $0.78125 per depositary share, or about 78 cents. The $15.63 figure applies to a whole preferred share, not to each related depositary share.
Source: TokenPost
