Google parent Alphabet issues first dividend after strong earnings

- Google's parent company Alphabet announced its first ever dividend of 20 cents per share and approved a $70 billion stock repurchase program - Co-founders Sergey Brin and Larry Page stand to receive significant payouts from the dividend - The company reported a 57.2% increase in first-quarter net profit to nearly $23.7 billion, driven by Search, YouTube, and advertising divisions - Alphabet's stock jumped 14.1% in after-hours trading after the dividend announcement - The company earned over 48% of its first-quarter revenue from the US market and nearly 29.5% from Europe, the Middle East, and Africa - Alphabet has been heavily investing in AI and integrating generative AI capabilities into its services.

Summarized top reddit comments: - Google parent Alphabet issues its first dividend after strong earnings - Initial dividend yield estimated at ~0.4% - Stock sees a 15% increase in aftermarket trading - Some question the timing of issuing a dividend when stock may not be a strong performer - Positive sentiment from investors looking forward to receiving dividends - Concerns raised about potential deprecation of products in the future