Forget the New Dividend. Here's Why I'm Buying Alphabet Stock.

Alphabet's business is doing well in all divisions.Alphabet (GOOG 1.85%) (GOOGL 1.87%) became the latest tech company to announce a dividend. For shareholders on record June 10, Alphabet will pay a $0.20-per-share dividend, which is around a 0.5% yield when that dividend is annualized. While some investors are thrilled about this announcement, it's a moot point for me. Instead, I'm looking at how strong Alphabet's business looked in Q1 and realizing that Alphabet is still a growth stock to be reckoned with. ...