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. Investors of record on Friday, December 13th will be given 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 yield of 0.88%. 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% annually over the last three years and has raised its dividend every year for the last 12 years. Motorola Solutions has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Research 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 Down 0.6 %

NYSE MSI opened at $493.70 on Friday. The firm has a market cap of $82.51 billion, a PE ratio of 54.07, a price-to-earnings-growth ratio of 4.15 and a beta of 0.97. Motorola Solutions has a one year low of $307.09 and a one year high of $507.82. The stock’s 50 day simple moving average is $458.10 and its 200 day simple moving average is $412.66. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.25 and a quick ratio of 1.07.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Evercore ISI increased their price objective on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Raymond James increased their price objective on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America increased their price objective on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price objective on Motorola Solutions from $460.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price 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.