E-commerce titan now finds itself one of the few massive U.S. technology and growth companies not making regular payouts
) may be under increasing pressure to offer investors a dividend, as it now finds itself one of the few massive U.S. technology and growth companies not making regular payouts to shareholders.) last week became the latest of the so-called Magnificent Seven group of market heavyweights to start paying a dividend, after Meta Platforms declared one in February. The announcements were followed by big post-earnings gains in the shares of both companies, though they were far from the only factor.
“They could reasonably say, ‘OK, the bigger players like Google, like Meta, have instated a dividend, we can do that as well,’” said Katz, whose firm owns shares of both Alphabet and Amazon. Many funds look for stocks that have dividend yields far higher than those offered by dividend-paying members of the Magnificent Seven, said Daniel Sotiroff, senior analyst at Morningstar Research Services. A yield is the dividend paid per share as a percentage of the current share price.
Other funds focus on companies that have consistently increased their dividends over time, and companies such as Meta and Alphabet lack such track records as new initiators.
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