“While the tech giant isn’t dishing out the highest dividends, there is potential for growth. They can provide passive and consistent income for people who invest in those companies via stock.” Meta paying shareholders dividends is an opportunity for consumers to diversify their investments and earn passive income. What’s so special about the Meta dividend?Įlizabeth Ayoola, investing spokesperson at NerdWallet, explains that “ dividends are payments in the form of cash or additional shares that companies make to stockholders periodically. Zuckerberg himself, who the Guardian reports owns approximately 350 million Meta shares, stands to make $700 million (£549 million) thanks to this dividend. The payout will, of course, have the greatest results for the company's top shareholders, including, according to Investopedia, institiutions such as the Vanguard Group and BlackRock as well as individuals such as Meta chief technical officer Michael Schroepfer and its chief revenue officer David Fischer. Thereafter, dividends will be distributed quarterly, so long as market conditions and the board of directors permit. Anyone who is a stockholder as of the close of business on 22 February 2024 should expect the first dividend payment on 26 March, 2024. How much do Meta shareholders stand to make?Īccording to the February press release, Meta's board of directors declared a cash dividend of $0.50 per share of Class A and Class B common stock. Apparently, Meta’s “ Year of Efficiency”, coined by Zuckerberg in March 2023 is paying off big for shareholders. While In a 1 February Meta press release, Zuckerberg attributed 2023 business growth to completing data center initiatives, laying off nearly 10,000 employees and advancing AI and the metaverse. The tech giant owns Instagram, Facebook and WhatsApp. Then, he followed up days later with another surprise announcement: Meta will issue its first ever dividend – which will make some shareholders very rich indeed. Last week, Mark Zuckerberg made a surprising apology at the Senate online child safety hearing.
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