Is Meta Platforms a Good Dividend Stock to Buy Now?
The technology sector gave income-seeking investors a reason to cheer recently. Meta Platforms (NASDAQ: META) is finally putting risky growth initiatives like the Metaverse on a back burner to focus on generating profits that it will distribute as a quarterly dividend.
With billions of members who look at dozens of ads every day, Meta's application family is a cash-generating machine. That's an important feature for income-seeking investors, but it might not be enough.
Investors hoping they can throw a big chunk of cash at the parent company of Facebook and Instagram then sit back and live off the dividend payments will probably need a larger upfront investment than they expect. Meta set its new quarterly dividend at just $0.50 per share.
Source Fool.com
Meta Platforms Inc. Stock
With 7 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 6.0% for Meta Platforms Inc. compared to the current price of 471.7 €.
