{
  "id": 2058114,
  "title": "There Is Now a Way to Collect 6.25% From Google. It Stops Paying in 2029",
  "url": "https://urgent.news/2026/08/18/there-is-now-a-way-to-collect-6-25-from-google-it-stops-paying-in-2029",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T14:50:16.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/now-way-collect-6-25-145016822.html"
  },
  "original_language": "en",
  "account": "Alphabet Inc. (GOOG, GOOGL) has introduced a new income security, GOOGM and GOOGN, offering a 6.25% annual coupon. These securities are the first of their kind issued by Google and will automatically convert to GOOGL shares in 2029. The securities provide a fixed income stream, but the upside is capped at that conversion point. With Google's stock up 71% over the past year, the conversion price limits further gains. Currently, GOOGM is trading at $49.03 per depositary share, representing one-twentieth of a preferred share. The running yield depends on the purchase price. While the 6.25% coupon is above the 10-year Treasury yield of 4.63%, the security's conversion in 2029 caps the upside. Income investors seeking defined exposure to Alphabet with a 6.25% coupon may find GOOGM appealing, but those expecting uncapped AI upside might prefer the common stock.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}