GOOGM Preferred Stock — Alphabet Inc. Dep Shs Rep 1/20th 6.25% Series A Mandatory Convertible Preferred

Alphabet Inc. Dep Shs Rep 1/20th 6.25% Series A Mandatory Convertible Preferred (GOOGM)

Updated October 16, 2026.

GOOGM is a Preferred Stock. its distribution rate is 1.24%, its trailing-12-month yield is 1.24%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -3.8% over the past 0.4 years, 3.7 points ahead of GOOGL at -7.5%.

Alphabet Inc.'s depositary shares represent fractional interests in its 6.25% Series A Mandatory Convertible Preferred Stock, which pays a fixed quarterly coupon and will automatically convert into Class A common stock around May 2029. The security carries a current distribution rate in the low single digits and distributes on a quarterly schedule, with the most recent distribution being a special payment. This security appeals primarily to income-focused investors seeking fixed periodic payments with eventual equity conversion, though it carries both interest-rate risk and conversion timing risk.

GOOGM performance versus GOOGL

Price and return data through 2026-10-16.

Total return is -3.8% over the past 0.4 years, 3.7 points ahead of GOOGL at -7.5%.

GOOGM key facts

Distribution Safety Score™

50 · Unproven

Issuer

Alphabet Inc.

Asset type

Preferred Stock

Asset class

Equity

Inception date

06/05/2026

Distribution rate

1.24%

Distribution frequency

Quarterly

Trailing yield

1.24%

Last close

$48.48 (as of 2026-10-16)

Average volume

499756.0

Dividend

$0.60

Ex-dividend date

07/31/2026

Payment date

08/15/2026

Payout ratio

0.0%

How Dividend Vision calculates yield and returns

Distribution rate (1.24%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.24%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Alphabet Inc. or company page; Index: Alphabet Inc. Class A common stock; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GOOGM risks and drawbacks

GOOGM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund.

Who may consider GOOGM — and who may not

It is a weaker fit for investors who need monthly cash flow (GOOGM pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

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Tagged: Preferred Stock, Fixed Income, Dividend, Communication Services.

Frequently asked questions

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