Meta Platforms, despite its dominance in social media and AI, has recently initiated a dividend program, a significant but modest move in the dividend-paying landscape. With a quarterly dividend of $0.525 per share as of February 2024, translating to a mere 0.03% yield, the company is far from being a leading dividend stock. Although it has the capital to pay higher dividends, its current payments reflect a hesitance to substantially engage with its shareholders through dividends, prompting investors to consider META-focused ETFs for better potential returns.
Currently, Meta Platforms' dividend yield remains low, indicating it may struggle to gain a substantial position in the dividend-paying elite of Big Tech.
Meta Platforms initiated a dividend program in February 2024, but its yield of just 0.03% reflects the company's reluctance or inability to become a major dividend payer.
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