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Meta Platforms, Inc. (formerly Facebook) has recently announced its dividend program, marking a significant shift in its financial strategy. For the first time since its IPO in 2012, Meta will begin paying dividends to its shareholders starting in 2024. In this article, we’ll explore Meta’s dividend history, dividend yield, dividend dates, and other key details to help investors understand this new development.
Table of Contents
Does Meta Pay Dividends?
As of October 2023, Meta does not pay dividends. The company has chosen to reinvest its profits into growth initiatives, such as the development of the metaverse, artificial intelligence, and other innovative technologies. This makes Meta a non-dividend stock, which may appeal to growth-focused investors rather than income-seeking ones.
Company Overview:Meta Platforms
| Details | Information |
|---|---|
| Headquarters | United States of America |
| Address | 1 Meta Way, Menlo Park, California, 94025 |
| Website | www.meta.com |
| Telephone | 1 650 5434800 |
| No of Employees | 74,067 |
| Industry | Technology and Communications |
| Ticker Symbol & Exchange | META (NASDAQ) |
| Revenue (2024) | $164.5B |
| Revenue Growth (2024 vs 2023) | 21.9% |
| Net Income Growth (2024 vs 2023) | 59.5% |
| Market Cap* | $1,783.1B |
| Net Profit Margin Growth (2024 vs 2023) | 30.8% |
Does Meta Pay Dividends?
Yes, Meta will start paying dividends in 2024. This is a major change for the company, which has historically reinvested its profits into growth initiatives like the metaverse and artificial intelligence. The decision to pay dividends reflects Meta’s strong financial position and commitment to rewarding shareholders.
Meta Dividend History
Meta’s dividend history begins in 2024. Below is a summary of the announced dividend payments:
| Ex/EFF Date | Type | Cash Amount | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|
| 02/21/2024 | Cash | $0.50 | 02/01/2024 | 02/22/2024 | 03/26/2024 |
| 06/14/2024 | Cash | $0.50 | 05/30/2024 | 06/14/2024 | 06/26/2024 |
| 09/16/2024 | Cash | $0.50 | 09/05/2024 | 09/16/2024 | 09/26/2024 |
| 12/16/2024 | Cash | $0.50 | 12/05/2024 | 12/16/2024 | 12/27/2024 |
| 03/14/2025 | Cash | $0.525 | 02/13/2025 | 03/14/2025 | 03/26/2025 |
Meta Dividend Yield
Based on the announced dividends, Meta’s dividend yield will depend on its stock price at the time of payment. For example, if Meta’s stock price is 300,theannualdividendof300,theannualdividendof2.025 (sum of quarterly payments) would result in a dividend yield of approximately 0.675%.
Meta Dividend Dates
Here are the key Meta dividend dates for 2024 and early 2025:
- Declaration Date: The date Meta announces the dividend (e.g., 02/01/2024 for the first dividend).
- Ex-Dividend Date: The cutoff date to be eligible for the dividend (e.g., 02/21/2024).
- Record Date: The date shareholders must be on record to receive the dividend (e.g., 02/22/2024).
- Payment Date: The date the dividend is paid to shareholders (e.g., 03/26/2024).
Why Is Meta Paying Dividends Now?
Meta’s decision to pay dividends signals its maturity as a company. With strong cash flows and a solid balance sheet, Meta can now reward shareholders while continuing to invest in growth areas like the metaverse and AI. This move may also attract income-focused investors who previously overlooked Meta due to its lack of dividends.
Is Meta a Dividend Stock?
Starting in 2024, Meta will be a dividend stock. While its dividend yield may be modest compared to established dividend-paying companies, this development marks a new era for Meta and its shareholders.
Meta Dividend Announcement
Meta’s dividend announcement in 2024 is a landmark event for the company. Investors should monitor future announcements for any changes to the dividend program, such as increases in the dividend amount or adjustments to the payment schedule.
Meta Ex-Dividend Date 2024
The Meta ex-dividend date 2024 for the first dividend is 02/21/2024. Investors must purchase Meta stock before this date to be eligible for the dividend payment.
How Often Does Meta Pay Dividends?
Meta will pay dividends quarterly, with payments scheduled for March, June, September, and December.
Meta’s decision to pay dividends is a game-changer for the company and its investors. While Meta has historically been a growth stock, its new dividend program makes it an attractive option for income-focused investors as well. Keep an eye on Meta dividend announcements and key dates to stay informed about this exciting development.