"Shark Tank" investor Kevin O'Leary has a message for Google: start paying up investors now.
"We're almost 20 percent down on Google. Don't you think it's time that Google made itself attractive to me by providing a 2.5 percent dividend? And maybe now I'll trade it as a real company," the founder of O'Leary Financial Group said in a "Squawk Alley" interview.
On Tuesday, Google traded near a 52-week low, recovering slightly from a 19 percent fall from its all-time high. A few analysts have downgraded the stock lately. Stifel Nicolaus said last week the best days for Google shares may be in the rearview mirror.
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There is nothing that Google can do on the product front to change O'Leary's mind, he said, and it needs to realize investors are going to determine whether Google finds a place in value portfolios, he said.
O'Leary called on the tech company to stop investing in "wow factor ideas that don't make cash flow" and to start focusing on generating capital returns for shareholders. Google should also admit that its growth story has slowed as users migrate to other services like Instagram and Twitter, he said.
"Either buy those guys or realize that your growth story has softened, but above all, pay daddy. Time to start paying me something, and I might by the stock," he said.