On November 17, 2022, communications products maker Motorola Solutions (MSI) announced that it will increase its quarterly dividend by 11.4 percent to $0.88 per share. This will mark the 11th consecutive year of dividend increases announced by MSI. Last year the dividend was hiked by 11.3%.
The next quarterly dividend from MSI will be payable in cash on Jan. 13, 2023, to shareholders of record at the close of business on Dec. 15, 2022. The new annualized dividend of $3.52 per share for Motorola Solutions yields 1.4 percent at a stock price of $255.
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.