12 High Growth Low Dividend Stocks To Invest In

1. Meta Platforms, Inc. (NASDAQ:META)

Dividend Yield as of February 24: 0.31%

Number of Hedge Fund Holders: 262

Meta Platforms, Inc. (NASDAQ:META) ranks 1st on our list of the best high growth stocks. Meta is diving into AI-powered humanoid robots, betting big on the future of robotics. The company is setting up a dedicated team within its Reality Labs division to develop AI, sensors, and software that could power a new generation of robots designed to handle household tasks. While humanoid robots have made progress in hardware, Meta believes its expertise in AI and data from AR/VR can help push the field forward, making these futuristic machines more practical for day-to-day use.

Meta Platforms, Inc. (NASDAQ:META) finished 2024 on a high note, with daily active users across its apps hitting 3.35 billion in December, up 5% from the previous year. Ad impressions grew steadily, increasing 6% in Q4 and 11% for the full year. Revenue also saw a strong jump, reaching $48.39 billion for the quarter and $164.50 billion for the year, up 21% and 22% year-over-year. The company bought back stock worth $29.75 billion and shelled out $5.07 billion in dividends for the year.

On February 13, Meta Platforms, Inc. (NASDAQ:META) declared a $0.525 per share quarterly dividend, a 5% increase from its last dividend of $0.5. The dividend is payable on March 26, to shareholders on record as of March 14.

According to Insider Monkey’s Q4 data, 262 hedge funds were long Meta Platforms, Inc. (NASDAQ:META), compared to 235 funds in the earlier quarter. Rajiv Jain’s GQG Partners is one of the top shareholders of the company, with a position worth $5.45 billion.

Overall, Meta Platforms, Inc. (NASDAQ:META) ranks first on our list of the high growth low dividend stocks to invest in. While we acknowledge the potential of META to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.