3 Giant Tech Stocks That Initiated Dividends This Year

Core Viewpoint - The article discusses three major tech companies—Alphabet, Meta Platforms, and Salesforce—that have initiated dividends in 2024, highlighting their financial performance and the relatively low dividend yields compared to their growth potential [13]. Group 1: Alphabet - Alphabet is a dominant player in the tech industry, primarily known for its robust internet search business, which continues to generate significant revenue [3][15]. - The company announced its first-ever dividend of $0.20 per share, resulting in a dividend yield of 0.4$39 billion, and net income rising by 73% to nearly $13.5 billion, resulting in a net margin of 34$0.50 per share, yielding 0.3%, which is lower than Alphabet's yield [16][17]. - Meta's portfolio includes essential platforms like Facebook, Instagram, and WhatsApp, which are integral to users' daily communication and content sharing [11]. Group 3: Salesforce - Salesforce recently introduced its first dividend of $0.40 per share, which is also low compared to industry standards, yielding 0.4% [12][8]. - The company is focusing on growth through its AI-powered products like Agentforce and potential acquisitions to enhance its customer relationship management (CRM) offerings [18][19]. - Revenue growth from Salesforce's business communications app Slack has slowed, with an 8% increase year over year, down from previous rates of 17% [6].