Meta Shares Surge As Facebook’s Parent Company Announces First Ever Dividend ...Middle East

Meta, the parent company of social media giant Facebook, is thriving financially, according to its 2023 fourth quarter earning results. The company will pay shareholders dividends of $0.50 per share, and announced a $50 billion share buyback program that is also expected to benefit investors. Zuckerberg, who owns approximately $350 million in Meta shares, is expected to receive an additional $175 million in dividends this quarter thanks to the new policy. If Meta continues to pay quarterly dividends at the same rate, Zuckerberg could gain an additional $700 million per year. His net worth is currently estimated to be around $139 billion.  [time-brightcove not-tgx=”true”] The anno

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