Google parent company Alphabet announced on Tuesday that its board of directors has approved a 1:20 stock split plan. Alphabet said it will split the company's Class A, B, and C shares in the form of a one-time special stock dividend. The plan also requires shareholder approval. If the plan is approved, each shareholder of record as of the close of the market on July 1, 2022, will receive a dividend of 19 additional shares of the same class after the close of the market on July 15, 2022.
Alphabet's total revenue in the fourth quarter was $ 75.325 billion, an increase of 32% from $56.898 billion in the same period last year; net profit was $20.642 billion, an increase of 36% from $15.227 billion in the same period last year.
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