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.

Meta Announces Quarterly Cash Dividend

Meta Platforms (Nasdaq: META) announced a quarterly cash dividend of $0.50 per share for its Class A and Class B common stock.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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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.

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News Market Reaction – META

The recorded move for META in the trading session of this news was -0.05%.

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05/30/2024 - 05:53 PM

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/meta-announces-quarterly-cash-dividend-302160083.html

SOURCE Meta

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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 stock symbol for Meta Platforms?

Meta Platforms' stock symbol is META.

Meta Announces Quarterly Cash Dividend