(Bloomberg) -- After years of chasing growth at all costs, tech firms are taking a page from the playbook of old-school value businesses — paying a dividend....
-- After years of chasing growth at all costs, tech firms are taking a page from the playbook of old-school value businesses — paying a dividend. Throwing off more cash than they can spend, the shift to a regular payout provides more evidence for the companies’ financial strength.How One Brooklyn Neighborhood Became a Nightclub Haven
The new dividends in some cases were accompanied by sizable buybacks, demonstrating a renewed focus on shareholder returns as artificial intelligence acts as a tailwind to growth, a combination that investors expect will continue to support share price gains. Reached for comment, an Amazon spokesperson pointed to the company’s recent earnings call, during which Chief Financial Officer Brian Olsavsky said the focus is on capital expenditures and repaying debt, as opposed to shareholder returns. Tesla on its website said it doesn’t anticipate paying any cash dividends for the foreseeable future.Nvidia Corp.’s 4 cent per share quarterly dividend represents a yield of 0.02% and hasn’t been raised since 2018.
Meta’s dividend came with a $50 billion buyback, while Alphabet’s was paired with a $70 billion repurchase authorization. Apple Inc. — which started paying a dividend more than a decade ago — last week announced the largest buyback in US history: $110 billion, exceeding the previous record of $100 billion it set in 2018.
The tech firm’s dividend payouts are relatively small, with the indicated yields for both Meta and Alphabet below 0.5% and Apple’s barely higher. To compare, the yield of the S&P 500 Index is 1.37%. I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
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