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- Alphabet is joining its tech peers like Microsoft, Apple, and Meta in the dividend club.
- Its $0.20 dividend is its first ever, and it also authorized an additional $70 billion in buybacks.
- The news could ease concerns of some tech investors spooked by Meta's earnings Wednesday.
Alphabet is becoming a member of the dividend club.
In its first-quarter earnings report on Thursday, Google's parent company said it's issuing a $0.20 per share dividend, its first ever.