Meta is the first to pay a dividend, authorizing a $50 billion withdrawal

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023.

Josh Edelson | AFP | Good pictures

Meta on Thursday announced its first-ever quarterly dividend, and authorized an expanded $50 billion Purchase of stock project.

The company joins Apple, Microsoft and Oracle in paying a dividend of 50 cents per share. The board intends to pay a cash dividend on a quarterly basis “subject to market conditions”.

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