Meta founder and CEO Mark Zuckerberg speaks throughout the Meta Join occasion at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.
Josh Edelson | AFP | Getty Photos
Meta introduced Thursday that it’ll pay a quarterly dividend for the primary time, and that it had licensed an expanded $50 billion share buyback program.
The Fb proprietor can pay a 50 cent-per-share dividend, becoming a member of friends Apple, Microsoft and Oracle, all of which pay common dividends. The board intends to concern a money dividend on a quarterly foundation, “topic to market circumstances.”
The dividend will likely be paid in March to all shareholders of document as of February 22.
Meta introduced the information concurrently with its fourth-quarter earnings, the place the corporate reported a robust beat on the highest and backside traces. Shares rose greater than 12% on the earnings report and the information of the buyback and dividend.
The expanded share buyback authorization comes simply two weeks after Meta shares eclipsed their 2021 excessive, breaking by $378. The corporate had $30.9 billion accessible for share repurchaases as of December 2023.
Neither Amazon nor Alphabet have ever paid a dividend. Microsoft issued its first dividend in 2003, whereas Oracle first issued one in 2009.
