Image Source: PixabayAlphabet (GOOG) initiated a quarterly dividend of 20¢ per share.The dividend will be paid on 17 June to shareholders of record on 10 June. The ex-dividend date is 7 June.GOOG’s contribution to DivGro’s projected annual dividend income will be $32.00.I own 40 shares of GOOG at an average cost basis of $46.75 per share. Following this initiation, my yield on cost is 1.71%. (GOOG’s forward yield is 0.46% at $173.69 per share). Since I opened my GOOG position in June 2017, the stock has produced an annualized total return of 39.6%. GOOG became DivGro’s 32^nd Home Run stock in February 2021, when the stock doubled my original capital outlay.More By This Author:The Travelers Companies, Inc. Dividend IncreaseRealty Income Dividend IncreaseQualcomm Dividend Increase