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

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) declared a quarterly dividend on Thursday, May 28th. Stockholders 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 dividend 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. Equities 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 Price Performance

NASDAQ META opened at $635.29 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The firm’s 50 day moving average price is $617.50 and its 200-day moving average price is $636.91. Meta Platforms has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a market cap of $1.61 trillion, a PE ratio of 23.09, a P/E/G ratio of 1.13 and a beta of 1.25.

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

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

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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