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

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

GOOGN is a low-cost Preferred Stock that tracks the Alphabet Inc. Class C capital stock. Fund total return is -3.3% over the past 0.2 years, 3.0 points ahead of GOOG at -6.3%.

Alphabet Inc.'s Series B Mandatory Convertible Preferred Stock is a preferred equity security that pays a fixed 6.25% cumulative coupon quarterly and is scheduled to convert into Alphabet Class C common stock around May 2029. The security offers a higher income profile than common stock through its fixed coupon payments, combined with equity upside through the mandatory conversion feature. This structure may appeal to income-focused investors seeking higher current returns from Alphabet with equity participation, though with the conversion date creating a defined time horizon for the investment.

GOOGN performance versus GOOG

Data as of August 28, 2026.

Fund total return is -3.3% over the past 0.2 years, 3.0 points ahead of GOOG at -6.3%.

GOOGN key facts

Data as of August 28, 2026.

Issuer

Alphabet Inc.

Asset type

Preferred Stock

Asset class

Equity

Inception date

06/05/2026

Distribution frequency

Quarterly

Last close

$48.72

Average volume

568337.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: Alphabet Inc. fund page; Index: Alphabet Inc. Class C capital 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.

GOOGN risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund.

Who may consider GOOGN — and who may not

GOOGN may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (GOOGN pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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