by Anura Guruge
on April 26, 2024
Successful, high-flying HIGH TECH stocks never gave dividends.
This goes back to the ‘dot.com’ era of the late 1990s — which I was lucky enough to live through & benefit from.
Amazon still does NOT do a dividend & unlikely to do so anytime soon.
Announcing a dividend (along with a massive stock buyback) is a ‘cheap’ way to make one’s stock attractive.
That Google is doing this now makes me leery. IF all is GOOD when it comes to AI etc. they didn’t NEED to do this. Unnecessary. This feels like an attempt to prop up the stock because they are concerned that they might be losing ground.
Oh, I own Google. So, this is NOT sour grapes. But, it is because of this that I am concerned. So, we are GOOD for now, but what about next year? That is the question.
