With Meta Platforms (NASDAQ: META) skyrocketing to $475 per share following its fourth-quarter earnings, it's incredible to think such a widely followed stock was bottoming at just $89 a mere 15 months ago in November 2022.

Those who had the courage to invest at that bottom have seen a more than quintupling of their money. But there's also a good case to be made that Meta stock can continue moving higher from here.

In particular, the company's recent announcement of its first-ever dividend could help the stock rise even further for a couple very specific reasons.

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Source Fool.com