The GOOGL Dividend, Who is next?

The big news this week is that GOOGL is now paying a dividend.

This is a powerful move for the stock because dividends encourage the stock to keep climbing. Some institutions can only trade stocks that pay dividends, which opens the floodgates for more investors and traders, pushing that price higher. What was once forbidden is now encouraged!

Another noteworthy aspect of this is the competitive nature of the tech industry. They all want to be seen as the best. With GOOGL joining META and now issuing dividends, the pressure is on other stocks to follow suit. 

AMZN, you're next in line!

I'll pat myself on the back here because all of those stocks passed my stock-buying system and were rated as buys. Stocks with rising 5 yr, 1 year, and 3 month charts that don't pay dividends are next in line to get one! 

And, what happens to a stock we hold when it announces a dividend or an increased dividend?

IT SOARS!!!