Motorola (MSI) Rewards Shareholders With 9.6% Dividend Hike
Zacks Investment Research | Nov 16, 2018 07:49AM ET
Motorola Solutions, Inc. (NYSE:MSI) recently announced a 9.6% year-over-year hike in its quarterly dividend payout. The proposed dividend of 57 cents per share or $2.28 on an annualized basis is payable Jan 15, 2019 to shareholders of record as on Dec 14, 2018.
Based on the closing price of $129.39 on Nov 15, the proposed dividend affirms a yield of 1.8%. A steady dividend payout is part of the long-term strategy of Motorola to provide attractive risk-adjusted returns to its stockholders. In addition, healthy dividend increases at periodic intervals have been one of its strengths.
Motorola had increased its quarterly dividend from 41 cents to 47 cents per share in December 2016 followed by another increase in December 2017 to 52 cents. The current hike reflects the inherent financial strength of the company and strong cash flow generated from continued focus on high-margin businesses and a healthy execution of operating plans.
The company has outperformed the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.