Motorola Increases Quarterly Dividend 25% to $0.05 per share
SCHAUMBURG, Ill. – 01 May 2006 – Motorola, Inc. (NYSE: MOT) today announced that its board of directors has approved a 25% increase in the quarterly dividend from $0.04 per common share to $0.05 per common share.
“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.“
The dividend of $.05 per common share is payable in cash on July 15, 2006 to stockholders of record at the close of business on June 15, 2006. This will be Motorola’s 237th consecutive quarterly dividend.
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering “must have” products, “must do” experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit www.motorola.com
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