Meta CEO Mark Zuckerberg stands to gain $700 million annually from the company’s new quarterly dividend, announced alongside strong Q4 earnings results that sent Meta’s stock surging 15 percent.
Bloomberg reports Meta Platforms CEO Mark Zuckerberg will receive an annual payout of approximately $700 million from the company’s new quarterly dividend, according to recent filings. This comes as Meta’s stock jumped 15 percent following strong fourth-quarter earnings results and the announcement of a 50 cent per share dividend starting in March.
The dividend, Meta’s first ever, will result in Zuckerberg receiving around $175 million every quarter based on his roughly 350 million share stake, reports Bloomberg.
This adds up to about $700 million per year that the tech mogul will gain from the payouts.Meta exceeded revenue expectations in Q4 2023, bringing in $40.1 billion compared to forecasts of $39.18 billion. Earnings per share were $5.33 versus an expected $4.96, notes CNBC . […]
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