SCHAUMBURG, Ill.-Motorola Inc. declared its 207th consecutive regular quarterly dividend of 12 cents per share, payable by Jan. 15, 1999, to stockholders of record Dec. 15.
The company also announced its board of directors adopted a new preferred share purchase rights agreement to replace the existing plan that expires Nov. 20.
The new plan will attach rights to existing shares of common stock at the rate of one right for each share of common stock held by shareholders of record Nov. 20. The rights will expire in November 2008.
The plan is designed to help ensure all Motorola shareholders receive fair treatment in the event of an unsolicited attempt to gain control of the company.
