Motorola Solutions (NYSE:MSI) is dialing in its latest quarterly dividend. The company announced that it will distribute $0.26 per share of its stock, to be handed out on July 15 to shareholders of record as of June 14. This matches each of the company's three preceding distributions, the most recent of which was made in mid-April. Before that, Motorola Solutions paid $0.22 per share.
In its most recent quarter, the company reported a slight year-over-year rise in total sales, and a more robust increase in the bottom line.
The current dividend annualizes to $1.04 per share. That yields 1.8% at Motorola Solutions' latest closing stock price of $56.79.
Fool contributor Eric Volkman has no position in Motorola Solutions. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.