Meta announces its first ever dividend, sending the stock soaring
Meta, for the first time in its history, is giving money back to its investors.The company, on Thursday, said it would give a 50-cent-per-share dividend to shareholders and also announced plans for a $50 billion share buyback. That came on the heels of a solid earnings beat across the board.The company’s stock was up more than 14% in after-hours trading.Meta reported earnings per share of $5.33 in the fourth quarter of 2023, well above the $4.96 that analysts were expecting. (For historical perspective, the company…