5 Companies that Just Started Paying Dividends

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

Number of Hedge Fund Holders: 234

Meta Platforms, Inc. (NASDAQ:META) is one of the most prominent companies that just started paying dividends. The California-based social networking and technology firm commenced its quarterly dividend in February 2024, with a payout of $0.50 per share. Considering Zuckerberg’s ownership of approximately 350 million shares, he stands to receive around $175 million in each quarterly payout before taxes, according to Bloomberg. The stock’s dividend yield came in at 0.42%, as of February 5.

The number of hedge funds in Insider Monkey’s database owning stakes in Meta Platforms, Inc. (NASDAQ:META) jumped to 234 in Q3 2023, from 225 in the previous quarter. These stakes are worth over $35.2 billion in total. GQG Partners was the largest stakeholder of the company in Q3.

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