Key Highlights

  • Motorola Solutions' $1.21 quarterly Dividend has a Record Date of September 16, 2026, payable October 15, yielding approximately 1.02%.
  • Second-quarter sales reached approximately $3.1 billion, up 13% year over year, with non-GAAP EPS rising 24% to $4.41.
  • Ending Backlog reached a record $15.6 billion, up 11% year over year, with growth across both major segments.
  • The company completed its $1.5 billion Acquisition of D-Fend Solutions, a counter-drone technology provider, on August 20, 2026.

Motorola Solutions' (NYSE:MSI) $1.21 quarterly dividend yields approximately 1.02% and represented approximately 27% of second-quarter non-GAAP EPS of $4.41, a Payout Ratio the company maintained while also repurchasing $326 million of stock and completing the $1.5 billion D-Fend Solutions acquisition in the same period. The dividend was paid alongside $201 million in Cash Dividend payments during the quarter, a smaller Capital outlay than the $326 million directed to share repurchases.

Dividend Program and Shareholder Returns

Motorola Solutions' latest quarterly dividend is $1.21 per share, approved August 19, 2026 and payable October 15 to shareholders of record as of September 16. During the second quarter the company paid $201 million in cash dividends and repurchased $326 million of stock, with Buybacks representing the larger of the two capital-return mechanisms for the period.

About the Company

Motorola Solutions provides mission-critical communications, public-safety technology and security solutions, including land-mobile-radio systems, video security, command-center software and cloud-based public-safety applications, with an increasing share of recurring software and services revenue.

Financial Performance Behind the Payout

Motorola Solutions reported second-quarter sales of approximately $3.1 billion, up 13% year over year, with Products and Systems Integration sales up 15% and Software and Services sales up 10%. Revenue from acquisitions contributed $243 million and foreign-currency tailwinds added $35 million. GAAP diluted EPS increased 10% to $3.33, while non-GAAP EPS rose 24% to $4.41, including a $0.25 per-share benefit from an expected Tariff refund. Operating Cash Flow was $469 million, up $197 million year over year, and free cash flow reached $414 million. Ending backlog hit a record $15.6 billion, up 11% year over year.

D-Fend Acquisition Expands Counter-Drone Capabilities

Motorola Solutions completed its acquisition of D-Fend Solutions for a purchase price of $1.5 billion on August 20, 2026, adding non-kinetic RF cyber-takeover counter-drone technology to its public-safety portfolio. D-Fend's systems, deployed across more than 30 countries, are designed to identify and take control of unauthorized drones and direct them to land safely, distinguishing the approach from traditional detection-and-jamming methods. The acquisition closed after the end of the second quarter and is therefore not reflected in the Q2 financial results reported above.

Outlook

Motorola Solutions' dividend represents a modest proportion of non-GAAP earnings, with the $1.21 quarterly rate unchanged through the completed D-Fend acquisition. Metrics relevant to the payout's context going forward include backlog conversion into revenue across both segments, the durability of Margin gains once the one-time tariff refund benefit rolls off, and integration progress following the D-Fend acquisition.