Meta Declares First-Ever Dividend, Rewarding Shareholders with $0.50 per Share

Benzinga

Meta announced its first-ever dividend in February 2024, after a "Year of Efficiency" with layoffs and investments in AI and the metaverse. The $0.50 per share dividend will be paid on March 26th to shareholders as of February 22nd, with quarterly payouts going forward. Top shareholders like Vanguard, BlackRock, and Meta CEO Mark Zuckerberg stand to gain the most, with Zuckerberg expecting a $175 million payout. Dividends are uncommon for tech companies but will reward Meta shareholders with consistent passive income.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 Meta announced its first ever dividend in February 2024 after a year of efficiency

00:06 with layoffs and investments in AI and the Metaverse. The 50 cent per share dividend

00:11 will be paid on March 26 to shareholders as of February 22, with quarterly payouts going forward.

00:17 Top shareholders like Vanguard, BlackRock, and Meta CEO Mark Zuckerberg stand to gain

00:21 the most with Zuckerberg expecting a $175 million payout. Dividends are uncommon for

00:26 tech companies but will reward Meta shareholders with consistent passive income. The move may

00:31 pressure other cash-rich tech firms to follow suit or risk losing investment dollars. While

00:36 the payout is low now dividends could grow as Meta continues to, signaling maturity beyond

00:40 the rapid growth phase. For all things money visit Benzinga.com

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