Alphabet CEO Sundar Pichai.Christoph Soeder/picture alliance via Getty ImagesAlphabet is joining its tech peers like Microsoft, Apple, and Meta in the dividend club.Its $0.20 dividend is its first ever, and it also authorized an additional $70 billion in buybacks.The news could ease concerns of some tech investors spooked by Meta's earnings Wednesday.Alphabet is becoming a member of the dividend club.In its first-quarter earnings report on Thursday, Google's parent company said it's issuing a $0.20 per share dividend, its first ever.It'll be paid on June 17 to stockholders of record as of June 10, and Alphabet plans to pay quarterly dividends in the future, the earnings release said.