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

Meta Platforms, Inc. (NASDAQ:META) declared a quarterly dividend on Thursday, September 10th. Investors of record on Monday, September 21st will be given a dividend of 0.525 per share by the social networking company on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 21st.

Meta Platforms has a dividend payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Meta Platforms to earn $34.19 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 6.1%.

Meta Platforms Trading Down 1.4%

Shares of META opened at $644.38 on Friday. Meta Platforms has a one year low of $520.26 and a one year high of $790.80. The stock has a 50-day moving average price of $600.28 and a 200 day moving average price of $608.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $1.64 trillion, a P/E ratio of 24.27, a P/E/G ratio of 1.13 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business had revenue of $60.80 billion for the quarter, compared to analysts’ expectations of $60.22 billion. During the same quarter in the prior year, the firm earned $7.14 earnings per share. Meta Platforms’s revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Meta Platforms will post 28.17 EPS for the current fiscal year.

About Meta Platforms

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company’s principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.