Meta Declares $0.525 Dividend, Trials Allegro Lokalnie Ads on Facebook Marketplace
Meta’s board approved a $0.525 quarterly dividend per share payable March 26 to record March 16 and launched an Allegro Lokalnie ads trial on Facebook Marketplace. Citizens reiterated a Market Outperform rating with a $900 target as Instagram time spent rose 18% YoY and US usage climbed 16%.
1. Dividend Announcement
On February 12, Meta’s board approved a $0.525 quarterly cash dividend per share for both Class A and B common stock, payable March 26 to shareholders of record March 16, marking the company’s first dividend distribution.
2. Allegro Lokalnie Ads Trial
Meta launched a trial collaboration with Allegro.eu SA to display private-seller listings from Allegro Lokalnie on Facebook Marketplace, aiming to assess cross-platform ad integration before considering wider rollout.
3. Analyst Rating Update
Citizens reiterated its Market Outperform rating on Meta with a $900 price target, highlighting an 18% year-over-year rise in global Instagram time spent and a 16% increase in US usage for six straight months.