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

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 15th will be given 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 yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th.

Meta Platforms has a payout ratio of 7.4% indicating that 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 company has a market capitalization of $1.61 trillion, a PE ratio of 23.09, a P/E/G ratio of 1.13 and a beta of 1.25. The company has a fifty day moving average of $617.50 and a 200 day moving average of $636.91. Meta Platforms has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

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

Key Headlines 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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