Meta Platforms announced a quarterly dividend of $0.53 per share. The company will pay the dividend on Thursday, March 26. Stockholders of record on Monday, March 16 qualify for the payout. The distribution represents an annualized dividend of $2.12. The dividend yield is approximately 0.3%.
Analysts report Meta’s earnings well-cover the dividend. The current payout ratio is 7.4%. Fiscal year projections suggest continued dividend coverage. META shares opened at $649.81 on the announcement day.