Should You Buy Meta Platforms for the Dividend?
Facebook parent Meta Platforms (NASDAQ: META) has been a terrific growth stock since its 2012 initial public offering. The company has delivered market-crushing returns, earning it a valuation above $1 trillion and a spot among the so-called "Magnificent Seven" stocks.
However, Meta Platforms isn't done delivering for its shareholders. Earlier this year, the tech company announced it was initiating a quarterly dividend. Meta Platforms has, so far, appealed to growth-oriented investors, but should income seekers seriously consider investing in the company?
A dividend is only as good as the company backing it. That's why income seekers, like other types of investors, should pay close attention to a company's underlying business before purchasing its shares for the dividend. There are too many questions to address here, but here is one of the most important: Can the company maintain its dividend program even amid economic issues?
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 16.55% compared to the current price of 429.0 € for Meta Platforms Inc..
