ANNUAL MEETING: No Dividends From Facebook

BagOfDividends650A shareholder at Facebook’s annual meeting Thursday at the Sofitel San Francisco Bay in Redwood City, Calif., asked about the possibility of the company paying dividends to its shareholders.

A Facebook spokesperson responded:

Thank you for your question. So we take very seriously the work that we do to ensure that we invest every dollar wisely in trying to grow the company, and we’re very careful with all uses of shareholder capital and capital that we get from operating the business.

At this time, our focus really is on using the cash we have to invest in growing the business and to trying to build some of the things that (Co-Founder and CEO Mark Zuckerberg) described during his remarks. So we don’t pay a dividend and don’t anticipate doing so in the near future. As the company matures and grows, we look forward to having conversations about the best use of our capital.

Readers: Should Facebook pay dividends to its shareholders, or is reinvesting capital the proper strategic move?

Image courtesy of Shutterstock.

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