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?

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Source Fool.com