Meta's Dividend Is Emphatically Not a Reason to Buy the Stock -- but This Is
Let's welcome Meta Platforms (NASDAQ: META) to the dividend club. Last week, the company announced that it's initiating a quarterly dividend for the first time.
The news was warmly received by investors. So was Meta's overall fourth-quarter update: Shares skyrocketed more than 20% on the heels of the company's earnings release. Meta's dividend is emphatically not a reason to buy the stock -- but there's something that is.
There were multiple articles published after Meta's Q1 update last week with headlines trumpeting that CEO Mark Zuckerberg will receive nearly $700 million per year from the company's new dividend. Those headlines were correct. However, they can also lead you to think that Meta's dividend is better than it actually is.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 10 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 18.84% compared to the current price of 420.75 € for Meta Platforms Inc..
