Alphabet to Pay $15.63 Preferred Share Dividend
Holders of preferred shares will receive a dividend payment on November 15 based on the 6.25% annual rate.
Updated on Oct. 24, 2026 in Corporate Finance
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Alphabet will pay a quarterly dividend of $15.63 per mandatory convertible preferred share on November 15, 2026. This payout affects holders of the company's preferred stock issued in June.
Why it matters
The $15.63 figure represents a full quarterly period payment based on the 6.25% annual dividend rate, providing clarity for investors regarding their expected return on the $1,000 liquidation preference base.
Alphabet set a dividend of $15.63 per preferred share, up from the $12.15 paid in the prior period. Each preferred share carries a 6.25% annual rate, with depositary shares receiving $0.78125 each based on a 20-to-1 ratio.
The players
Alphabet
A multinational technology conglomerate and holding company for Google, operating at a massive global scale.
The details
The dividend calculation applies the 6.25% annual rate to the $1,000 liquidation preference, distributed across the quarterly period. Holders of depositary shares receive a proportionate amount, calculated by dividing the $15.63 preferred share dividend by the 20 depositary shares that correspond to each preferred unit. Alphabet generated $19 billion in net proceeds from the initial issuance of these securities on June 5, 2026.
Timeline
June 5, 2026: Preferred shares were issued.
August 15, 2026: The initial preferred share dividend period concluded.
November 1, 2026: Shareholders of record must hold positions by 5 p.m. ET to qualify.
November 15, 2026: Alphabet pays the declared dividend.
Market Landscape
This payout adheres to the standard reporting requirements for mandatory convertible securities. The dividend structure follows established SEC disclosure protocols for preferred equity issued to institutional and retail investors.
Investors and treasury managers should note the November 1 record date deadline to ensure eligibility for the distribution. The 6.25% annual rate provides a consistent baseline for tracking the yield of these convertible instruments.
The takeaway
The dividend confirms the expected yield schedule for Alphabet's convertible preferred equity. Operators should monitor future declaration filings to track how this $19 billion issuance performs relative to original projections.
Further reading
For more on capital distributions, visit the Corporate Finance section.
Source note: This article includes information reported by TokenPost.
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