Motorola Solutions, Inc. (NYSE:MSI) Announces $1.09 Quarterly Dividend

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 1.09 per share by the communications equipment provider on Tuesday, April 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 1.02%.

Motorola Solutions has raised its dividend payment by an average of 11.3% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Motorola Solutions has a dividend payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Motorola Solutions to earn $14.79 per share next year, which means the company should continue to be able to cover its $4.36 annual dividend with an expected future payout ratio of 29.5%.

Motorola Solutions Trading Up 0.3 %

NYSE MSI traded up $1.37 during mid-day trading on Wednesday, reaching $427.84. 66,554 shares of the stock were exchanged, compared to its average volume of 795,839. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.28 and a quick ratio of 1.13. The stock has a market cap of $71.42 billion, a P/E ratio of 46.46, a P/E/G ratio of 3.82 and a beta of 1.02. The stock has a 50 day simple moving average of $461.37 and a 200-day simple moving average of $460.57. Motorola Solutions has a one year low of $326.22 and a one year high of $507.82.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $3.75 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.10). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Motorola Solutions had a return on equity of 197.59% and a net margin of 14.58%. On average, analysts anticipate that Motorola Solutions will post 13.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Motorola Solutions from $495.00 to $505.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Raymond James raised their target price on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays dropped their price target on Motorola Solutions from $529.00 to $527.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Motorola Solutions from $440.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Motorola Solutions has an average rating of “Moderate Buy” and an average price target of $505.88.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.