Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's first-ever dividend for investors.

According to Bloomberg, Meta reported on Thursday a quarterly cash dividend of 50 cents per share for Class A and B common stock starting in March.

Meta CEO Mark Zuckerberg Holds 350 Million Shares

With Mark Zuckerberg holding roughly 350 million shares, the Meta CEO would receive around $175 million in every quarterly payment before taxes, according to data compiled by Bloomberg. 

This move sends a signal about the social media giant's view of its growth potential. Some tech companies have deliberately avoided paying dividends in favor of using earnings to create new products or make high-priced acquisitions.

Meta's stock nearly tripled last year after it laid off some 21,000 people as part of its significant restructuring efforts.

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New Dividend of Meta

The new dividend of Meta plus the additional $50 billion in share buybacks could calm investors patiently waiting for Mark Zuckerberg's long-term bets on AI and the metaverse.

In 2022, the Meta CEO took home a total compensation of $27.1 million. According to filings, it included a base salary of $1 and private security costs. Meta has yet to report any executive compensation for 2023.

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