Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares (Akash Sriram/Reuters)

Akash Sriram / Reuters:

Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares  —  Alphabet (GOOGL.O) announced its first-ever dividend of 20 cents per share on Thursday, returning capital when the Google parent is spending billions …