Motorola Solutions Board of Directors Increases Quarterly Dividend; Increases Stock Repurchase Program Authorization
November 16 2023 - 4:10PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI) today announced that its
board of directors has increased its regular quarterly dividend by
11% to 98 cents per share. The next quarterly dividend will be
payable in cash on January 12, 2024, to shareholders of record at
the close of business on December 15, 2023.
Additionally, the company also announced that its board of
directors has approved a $2 billion increase to the share
repurchase program, raising the total authorization since July 2011
to $18 billion, with no expiration date for the program. Under the
company’s previously authorized $16 billion share repurchase
program, approximately $599 million in repurchase authority
remained at the end of the third quarter of 2023.
The company may continue to repurchase shares from time to time
in the open market or in other privately negotiated transactions,
subject to market conditions.
About Motorola Solutions
Motorola Solutions is solving for safer. We build and connect
technologies to help protect people, property and places. Our
solutions enable the collaboration between public safety agencies
and enterprises that’s critical for a proactive approach to safety
and security. Learn more about how we’re solving for safer
communities, safer schools, safer hospitals, safer businesses –
safer everywhere – at www.motorolasolutions.com.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of applicable federal securities law. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and generally include
words such as “believes,” “expects,” “intends,” “anticipates,”
“estimates” and similar expressions. These forward-looking
statements are statements other than statements of historical fact
and may include, among other things, statements in relation to the
company’s current plans regarding share repurchases and dividends.
All information set forth in this release is as of the date hereof.
The company does not intend, and undertakes no duty, to update this
information to reflect future events or circumstances. Actual
results are subject to a number of risks and uncertainties and may
differ materially from the current expectations and beliefs
discussed in this press release. Certain potential factors, risks
and uncertainties that could affect the company’s business and
financial results and cause actual results to differ materially
from those expressed or implied in any forward-looking statements
include those under the heading “Risk Factors” in the company’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2022 and its Quarterly Report on Form 10-Q for the quarterly period
ended September 30, 2023, each of which is on file with the
Securities and Exchange Commission (“SEC”) and available at the
SEC’s website at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20231116654875/en/
Media Contact Alexandra Reynolds Motorola Solutions
Alexandra.Reynolds@motorolasolutions.com +1 312 965 3968
Investor Contact Tim Yocum Motorola Solutions
Tim.Yocum@motorolasolutions.com +1 847 576 6899
Motorola Solutions (NYSE:MSI)
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