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)

Updated October 16, 2026.

GOOGN 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 -4.2% over the past 0.4 years, 3.6 points ahead of GOOG at -7.8%.

Alphabet Inc. issues depositary shares representing fractional interests in its 6.25% Series B Mandatory Convertible Preferred Stock, which will convert into Class C common shares on or about May 15, 2029. The shares pay a fixed quarterly coupon and currently offer a modest distribution rate; the latest distribution included a special payment that may not recur regularly. This security appeals to income-focused investors seeking fixed-rate payments from a large technology company, though the mandatory conversion feature means it is not a permanent preferred holding.

GOOGN performance versus GOOG

Price and return data through 2026-10-16.

Total return is -4.2% over the past 0.4 years, 3.6 points ahead of GOOG at -7.8%.

GOOGN 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

$48.24 (as of 2026-10-16)

Average volume

586242.0

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 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

GOOGN'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 GOOGN — and who may not

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.

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

Frequently asked questions

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