Meta Announces Quarterly Cash Dividend

Rhea-AI Summary

Meta Platforms (Nasdaq: META) announced a quarterly cash dividend of $0.50 per share for its Class A and Class B common stock. The dividend will be payable on June 26, 2024, to stockholders who are recorded by the close of business on June 14, 2024. This marks a significant dividend declaration by the company, reflecting its strong financial position and commitment to returning value to shareholders.

Positive

• Meta Platforms declared a quarterly cash dividend of $0.50 per share, indicating strong financial health.
• The dividend is payable on June 26, 2024, demonstrating consistent returns to shareholders.
• The declaration of a cash dividend shows Meta's commitment to shareholder value.

Negative

• The dividend payout of $0.50 per share might indicate that Meta lacks better reinvestment opportunities.
• Issuing dividends instead of reinvesting could impact Meta's future growth potential.

MENLO PARK, Calif., May 30, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (Nasdaq: META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on June 26, 2024 to stockholders of record as of the close of business on June 14, 2024.

About Meta
Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

Contacts
Investors:
Kenneth Dorell
investor@meta.com / investor.fb.com

Press:
Ryan Moore
press@meta.com / about.fb.com/news/

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SOURCE Meta

FAQ

What dividend did Meta Platforms declare in May 2024?

Meta Platforms declared a quarterly cash dividend of $0.50 per share.

When will Meta's latest dividend be payable?

The dividend will be payable on June 26, 2024.

Who is eligible for Meta's June 2024 dividend?

Stockholders of record as of June 14, 2024, are eligible.

What is the dividend amount per share for Meta's Class A and Class B common stock?

The dividend amount is $0.50 per share.

What is the stock symbol for Meta Platforms?

Meta Platforms' stock symbol is META.