Here's Why Meta's New Dividend Is a Bigger Deal Than You Might Think
Meta Platforms' (NASDAQ: META) new $0.50 per-share dividend isn't going to turn any heads among investors seeking big yields. What likely caught Wall Street's attention though was that the company amended its capital return program alongside its blowout fourth-quarter earnings release to add $50 billion to its share repurchase authorization.
With the share price climbing as high as $485 the day after it reported earnings, the annual dividend yield amounts to a paltry 0.41%. That's not going to get most dividend investors very excited about buying shares in the big tech company.
But dividend investors shouldn't overlook Meta's decision to initiate a dividend just because the yield is extremely low. In fact, the dividend may be one of the most important things to come out of Meta's earnings report for long-term investors.
Source Fool.com
Meta Platforms Inc. Stock
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 500 € there is a slightly positive potential of 16.55% for Meta Platforms Inc. compared to the current price of 429.0 €.
