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: MSFT, ORCL, AAPL, META,
Keywords: business, breaking news, technology, earnings, breaking news: technology, internet, apple inc, business news, microsoft corp, meta platforms inc, oracle corp, dividends, breaking news: markets, social media, markets,