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Meta is paying first-ever dividend, authorizes $50 billion buyback - TL;DR CNBC

Meta is paying first-ever dividend, authorizes $50 billion buyback

Publishing timestamp: 2024-02-02 05:46:13


Summary

Meta (formerly Facebook) announces its first-ever dividend of 50 cents per share and authorizes a $50 billion share buyback program. The company's fourth-quarter financials exceeded expectations, and the stock rose over 14% in extended trading. The dividend will be paid in March, and the expanded buyback is equivalent to about 5% of outstanding shares.


Sentiment: POSITIVE

Tickers: MSFTORCLAAPLMETA

Keywords: businessbreaking newstechnologyearningsbreaking news: technologyinternetapple incbusiness newsmicrosoft corpmeta platforms incoracle corpdividendsbreaking news: marketssocial mediamarkets

Source: https://www.cnbc.com/2024/02/01/meta-is-paying-first-ever-dividend-authorizes-50-billion-buyback.html


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