Key Highlights

  • GOOG is Alphabet's Class C capital stock, which has no voting rights except where the law requires them.
  • Alphabet declared a Dividend of $0.22 per share on Class A, Class B and Class C alike, payable on 14 September 2026.
  • Third-quarter results are due on Wednesday 28 October, with a call at 4:30 pm Eastern Time.

Two tickers, one company

Alphabet Inc. (NASDAQ:GOOG) has more than one listed share class, and the difference matters. GOOG is the Class C capital stock, which has no voting rights except where the law requires them. GOOGL is the Class A common stock, with one vote per share, while Class B carries ten votes per share. According to the company's June 2026 prospectus supplement, apart from voting the rights of the three classes are identical.

Equal treatment on dividends

Because economic rights are the same, the dividend does not distinguish the classes. Alphabet declared $0.22 per share on Class A, Class B and Class C alike, payable on 14 September 2026 to holders of record on 7 September. Anyone comparing the two tickers will therefore see no difference in the per-share payout.

The June capital raise

Class C stock was part of the financing the company undertook this summer. A preliminary prospectus supplement dated 1 June 2026 offered $15 billion of Class A and Class C stock, with the final share numbers and price left blank in the version reviewed. On 3 June Alphabet announced an upsized $84.75 billion Equity capital raise for AI infrastructure and compute.

The second-quarter release reports $49.6 billion of net proceeds from Class A and Class C stock and mandatory convertible preferred stock. It also records $20.3 billion of senior unsecured notes. The filings reviewed do not give a class-by-class split of the sale, so none is offered here.

Reading the second-quarter earnings

Reported per-share profit needs careful reading. Diluted Earnings per share were $9.11, compared with $2.31 a year earlier, but other income of $98.0 billion, mainly net unrealised gains on equity securities, was a major contributor. Operating income, which excludes that item, was $40.8 billion, up 30%, on Revenue of $119.8 billion, up 24%. Google Services revenue was $94.5 billion, up 15%, and Search and other revenue was $63.3 billion, up 17%.

Cash generation tells a different story. Quarterly free Cash Flow was negative $5.9 billion as purchases of property and equipment reached $44.9 billion, while the Trailing Twelve Months figure remained positive at $53.3 billion. There were no share repurchases in the quarter, against $13.2 billion in the second quarter of 2025.

Looking to 28 October

Alphabet will publish third-quarter results on Wednesday 28 October, with the call at 4:30 pm Eastern Time, according to its 6 October announcement. Holders of either class can compare the same underlying figures: Google Cloud revenue of $24.8 billion, up 82%, and its segment Operating Income of $8.8 billion; capital expenditure; and free cash flow.

Because the dividend is identical across classes, the instrument-specific questions are practical ones, such as voting power. Class C is non-voting except where the law requires otherwise, which limits participation in Shareholder decisions.