Meta Announces First Ever Dividend, Signaling Maturity as Tech Giant Looks Beyond Growth Phase
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Meta announced its first ever dividend, starting at $0.50 per share quarterly in March.
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The move could pressure other big tech companies like Amazon and Alphabet to start paying dividends.
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Paying a dividend could help Meta's chances of being added to the Dow Jones Industrial Average.
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Meta will continue focusing on share repurchases as its main way of returning capital to shareholders.
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Starting a dividend signals Meta has entered a more mature phase as a company rather than a fast-growing startup.