Is Meta Platforms' New Dividend a Huge Mistake?
During the last three months of 2023, Meta Platforms (NASDAQ: META) reported a revenue and diluted earnings per share bump of 25% and 203%, respectively. Both headline figures crushed estimates, sending shares soaring.
But there was another piece of news that caught investors' attention. The social media giant announced its first ever dividend, a quarterly payout of $0.50 per share that will go out for the first time in late March.
Is this new dividend announcement a huge mistake for the tech giant?
Source Fool.com
Meta Platforms Inc. Stock
€436.10
0.530%
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 14.65% for Meta Platforms Inc. compared to the current price of 436.1 €.
