Motorola Solutions, Inc. (NYSE:MSI) Increases Dividend to $1.09 Per Share

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 1.09 per share by the communications equipment provider on Wednesday, January 15th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98.

Motorola Solutions has increased its dividend by an average of 11.2% per year over the last three years and has raised its dividend every year for the last 12 years. Motorola Solutions has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $13.24 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 29.6%.

Motorola Solutions Stock Performance

Shares of MSI stock opened at $489.00 on Friday. Motorola Solutions has a 12 month low of $307.09 and a 12 month high of $507.82. The company has a current ratio of 1.25, a quick ratio of 1.07 and a debt-to-equity ratio of 4.23. The company has a market cap of $81.72 billion, a P/E ratio of 53.56, a PEG ratio of 4.15 and a beta of 0.97. The firm has a fifty day moving average price of $460.37 and a 200 day moving average price of $414.21.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.36. Motorola Solutions had a return on equity of 251.96% and a net margin of 14.65%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Sell-side analysts predict that Motorola Solutions will post 12.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Motorola Solutions from $467.00 to $529.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Evercore ISI raised their price objective on Motorola Solutions from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Jefferies Financial Group boosted their target price on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $493.43.

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.