Motorola Solutions, Inc. Buyback
OLI recorded this information on 11/16/2023
Company:
Motorola Solutions, Inc.
Buyback:
MSI buyback
$Amount Authorized:
$2,599,000,000
Buyback Details:
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.
Motorola Solutions is engaged in communications and analytics. Co.'s Products and Systems Integration segment provides a portfolio of infrastructure, devices, accessories, video security devices and infrastructure, and the implementation and integration of such systems, devices, and applications. Co. provides Long Term Evolution solutions for public safety, government and commercial users. Co.'s Video Security and Access Control technology includes network video management infrastructure, fixed security and mobile video cameras and access control solutions. Co.'s Software and Services segment provides a range of software and services for government, public safety and commercial customers.
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Buy (3.36 out of 4) 50th percentile
(ranked higher than approx. 50% of all stocks covered)
Analysts' Target Price: MSI Stock Forecast Based on Zacks ABR data; powered by Xignite |