From Nasdaq:

Meta Platforms stock (NASDAQ: META) has seen a surge of over 35% this year, adding to a 194% gain last year. Strong financials with accelerating revenue growth and share repurchase program are driving interest from Wall Street investors.

Meta has announced its first quarterly dividend of $0.50 per share, equating to $2 annually. With a dividend yield of 0.4%, this move follows a strong 2023 performance where the company reported record-high free cash flow of nearly $44 billion and impressive revenue growth.

Despite strong financials, Meta plans to prioritize share repurchases over dividends, with an additional $50 billion authorized for buybacks. Analysts recommend caution before investing in Meta Platforms, suggesting other stocks may offer better returns in the long term based on Stock Advisor recommendations.



Read more at Nasdaq: Meta Platform Stock’s New Dividend: Everything You Need to Know