Meta Platforms, Inc. (NASDAQ:META) Plans $0.53 Quarterly Dividend

Meta Platforms, Inc. (NASDAQ:META) announced a quarterly dividend on Wednesday, December 3rd. Stockholders of record on Monday, December 15th will be paid a dividend of 0.525 per share by the social networking company on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th.

Meta Platforms has a payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Meta Platforms to earn $30.21 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 7.0%.

Meta Platforms Stock Down 1.2%

NASDAQ:META opened at $639.60 on Thursday. The stock has a 50-day simple moving average of $676.31 and a 200 day simple moving average of $706.12. Meta Platforms has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a market cap of $1.61 trillion, a PE ratio of 28.25, a PEG ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.03 EPS. On average, sell-side analysts expect that Meta Platforms will post 26.7 EPS for the current fiscal year.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.