Communications products maker Motorola Solutions (MSI) will raise its quarterly dividend by 9.6 percent to $0.57 per share in the fourth quarter of 2018. This follows a dividend hike of almost 11 percent by MSI last year.

The increased dividend will be paid on January 15, 2019 to shareholders of record on December 14, 2018.

The new annualized dividend of $2.28 per share for Motorola Solutions yields 1.8 percent at a stock price of $130.02.

Motorola Solutions, Inc. is a provider of communication infrastructure, devices, accessories, software and services. The company makes communications products and services for public safety and government agencies (law enforcement, fire, emergency medical services, and national government security) as well as private entities including utilities, mining, energy, manufacturing, hospitality, retail, transportation and logistics.