Meta's soaring profits just paid for its first-ever dividend

• Meta says it's going to start paying its first-ever dividend.
• The company's earnings blew expectations out of the water on Thursday.
• Mark Zuckerberg's social media giant also announced a $50 billion stock buyback.

With profits soaring and its shares hitting record highs, Meta has announced its first-ever dividend.

The company declared a dividend of $0.50 per share in its earnings report Thursday for the fourth quarter and fiscal year of 2023.