Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Shareholders of record on Wednesday, September 16th will be given a dividend of 1.21 per share by the communications equipment provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, September 16th.
Motorola Solutions has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Motorola Solutions has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Motorola Solutions to earn $17.03 per share next year, which means the company should continue to be able to cover its $4.84 annual dividend with an expected future payout ratio of 28.4%.
Motorola Solutions Stock Up 2.3%
Shares of NYSE:MSI opened at $480.49 on Thursday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a market capitalization of $79.52 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87. The firm’s 50-day moving average is $425.90 and its two-hundred day moving average is $432.37. Motorola Solutions has a 1 year low of $359.36 and a 1 year high of $493.57.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Evercore reaffirmed an “outperform” rating on shares of Motorola Solutions in a research report on Monday, June 1st. Weiss Ratings raised Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on Motorola Solutions from $525.00 to $545.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Bank of America reissued a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Finally, Zacks Research lowered shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $516.67.
Read Our Latest Analysis on MSI
About Motorola Solutions
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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