Meta Platforms, Inc. (NASDAQ:META) Announces Quarterly Dividend of $0.53

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.525 per share by the social networking company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, June 15th.

Meta Platforms has a payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Meta Platforms to earn $35.01 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 6.0%.

Meta Platforms Trading Up 0.0%

NASDAQ:META opened at $635.29 on Friday. The firm’s fifty day moving average is $617.50 and its 200-day moving average is $636.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms has a 52 week low of $520.26 and a 52 week high of $796.25. The firm has a market cap of $1.61 trillion, a P/E ratio of 23.09, a P/E/G ratio of 1.13 and a beta of 1.25.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $6.43 earnings per share. Equities analysts expect that Meta Platforms will post 29.35 earnings per share for the current year.

Key Stories Impacting Meta Platforms

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Meta Platforms Company Profile

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Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

See Also

Dividend History for Meta Platforms (NASDAQ:META)

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