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Zuckerberg to Get $700 Million a Year From Meta’s New Dividend (www.bloomberg.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Zuckerberg to Get $700 Million a Year From Meta’s New Dividend::Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg stands to receive a payout of about $700 million a year from the social media giant’s first-ever dividend for investors.

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[–] Wild_Mastic@lemmy.world 10 points 9 months ago* (last edited 9 months ago) (3 children)

For anyone curious, the dividend is ~~0.0063$~~ 0.50 per single share (the other number was last year)

[–] Michal@programming.dev 7 points 9 months ago (1 children)

Compared to Microsoft, which is 75c per share, and stock is cheaper.

[–] StrawberryPigtails@lemmy.sdf.org 2 points 9 months ago (1 children)

$0.50/share/quarter according to this article. https://www.cnbc.com/2024/02/01/meta-is-paying-first-ever-dividend-authorizes-50-billion-buyback.html

If my math is right, At Meta’s current stock price of $472 that makes an annual yield of 0.004%. It’s great news for old investors, but that will be a hard pass from me.

[–] Wild_Mastic@lemmy.world 2 points 9 months ago

You're right, I accidentally checked last year dividend

[–] foggy@lemmy.world 1 points 9 months ago

What do you mean diluted?!?!