These 2 Tech Giants Just Declared Dividend Raises
We're in the throes of 2025's first earnings season, and like any earnings season, a host of companies declared dividend increases alongside their quarterly fundamentals. While the growth-focused tech sector has never exactly been a hotbed of dividend stocks, there are some attractive payouts from cash-rich companies.
Let's dig into a pair of dividend raises from big tech players that were declared this month -- that of Meta Platforms (NASDAQ: META) and Cisco Systems (NASDAQ: CSCO).
In the middle of the month, Meta bumped its quarterly payout 5% higher to just under $0.53 per share. This is actually a historic event, as it's the first time the social media giant pulled the lever on a raise (although to be fair, it only started doling out a dividend in early 2024).
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 1 Sell predictions.
As a result the target price of 645 € shows a positive potential of 39.25% compared to the current price of 463.2 € for Meta Platforms Inc..
