Motorola Increases Dividend Payout

Today the Board of Directors from Motorola raised their quarterly dividend by 25%, making the dividend .05 per common share, up from .04.

“Over the past several years, we have been successful in transforming and optimizing Motorola’s business model. We have demonstrated this through increased operating earnings, decreased working capital requirements and reduced capital spending. As a result, both the quality and stability of the company’s cash flow has improved,” said Ed Zander, Chairman and CEO. “The strength of our balance sheet, together with significant cash flow, allows us the flexibility to invest in our businesses, make strategic acquisitions, repurchase shares, retire debt and return additional capital to our shareholders over time through dividends.“

This payout will be available in cash on July 15, 2006 and all stockholders until market close of June 15th will be eligible for a dividend payout.

This will be the 237th consecutive dividend payout for Motorola which trades on the New York Stock Exchange.

Resource: Motorola