Motorola Solutions raises quarterly dividend 11%, boosts stock buyback by $2B

Motorola Solutions announced that its board of directors has increased its regular quarterly dividend by 11% to 98c 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 $2B increase to the share repurchase program, raising the total authorization since July 2011 to $18B, with no expiration date for the program. Under the company’s previously authorized $16B share repurchase program, approximately $599M in repurchase authority remained at the end of the third quarter of 2023.