CHICAGO - Motorola Solutions, Inc. (NYSE:MSI) has declared a regular quarterly dividend of 98 cents per share, as confirmed by the company's board of directors. This dividend is scheduled to be paid on April 15, 2024, to shareholders who are on record as of March 15, 2024.
The announcement signifies a continuation of the company's practice of returning value to its shareholders through regular dividend payments. Motorola Solutions is a company focused on creating communication technologies and solutions that enhance safety across various sectors, including public safety agencies and enterprises. They emphasize the importance of collaboration for proactive safety and security measures.
The company's solutions are designed to foster safer communities, schools, hospitals, and businesses. Motorola Solutions has a history of innovation in the field of communications and continues to develop technologies aimed at improving safety and operational efficiency for its clients.
This financial update is based on a press release statement from Motorola Solutions, Inc. It reflects the company's commitment to shareholder returns amidst its ongoing efforts to provide safety solutions across different sectors.
InvestingPro Insights
Motorola Solutions, Inc. (NYSE:MSI) has recently announced its regular quarterly dividend, demonstrating its stable financial approach and commitment to shareholder returns. According to InvestingPro, Motorola Solutions has not only maintained but raised its dividend for 13 consecutive years, showcasing a reliable track record for income-focused investors. This aligns with the company's recent declaration, reinforcing investor confidence in its financial practices.
InvestingPro data shows a robust market capitalization of 53.73 billion USD, indicating the company's significant presence in the market. The P/E ratio, a measure of the company's current share price relative to its per-share earnings, stands at 31.65, which suggests a higher valuation compared to near-term earnings growth. Additionally, Motorola Solutions has exhibited a revenue growth of 9.5% over the last twelve months as of Q4 2023, highlighting its ability to increase its top-line earnings in a competitive industry landscape.
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As Motorola Solutions continues to innovate within the communications technology sector, its financial stability and commitment to shareholder returns remain key elements for current and potential investors. The company's next earnings date is set for May 2, 2024, which will provide further insights into its performance and strategic direction.
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