Meta Announces Quarterly Cash Dividend

Rhea-AI Summary

Meta Platforms, Inc. (META) has announced a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend will be payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024. This announcement demonstrates Meta's commitment to returning value to shareholders and reflects the company's financial stability. The declaration of a regular dividend can be seen as a positive signal for investors, indicating confidence in the company's future cash flow and profitability.

Positive

• Quarterly dividend of $0.50 per share announced
• Consistent dividend payments indicate financial stability
• Dividend provides direct income for shareholders

Negative

• None.

News Market Reaction – META

-3.21%

1 alert

-3.21% News Effect

On the day this news was published, META declined 3.21%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MENLO PARK, Calif., Sept. 5, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (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 September 26, 2024 to stockholders of record as of the close of business on September 16, 2024.

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-302239973.html

SOURCE Meta

FAQ

What is the amount of Meta's (META) quarterly dividend announced on September 5, 2024?

Meta Platforms, Inc. (META) announced a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock.

When will Meta (META) pay the dividend announced on September 5, 2024?

The dividend will be payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024.

How often does Meta (META) pay dividends?

Based on this announcement, Meta Platforms, Inc. (META) pays dividends quarterly. However, dividend frequency can be subject to change and should be confirmed with the company's latest financial reports.

Are both Class A and Class B stockholders of Meta (META) eligible for the dividend?

Yes, the announced quarterly cash dividend of $0.50 per share applies to both Meta's Class A and Class B common stock.