Motorola Solutions, Inc. (NYSE:MSI) Plans $1.21 Quarterly Dividend

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 20th will be given a dividend of 1.21 per share by the communications equipment provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 20th.

Motorola Solutions has raised its dividend by an average of 0.1%annually over the last three years and has raised 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 $14.79 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 32.7%.

Motorola Solutions Trading Up 0.0%

Motorola Solutions stock traded up $0.13 during mid-day trading on Thursday, reaching $471.46. 229,942 shares of the company traded hands, compared to its average volume of 1,180,378. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $492.22. The firm has a market capitalization of $78.10 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 3.30 and a beta of 1.00. The firm’s 50 day moving average price is $406.94 and its 200 day moving average price is $422.39.

Motorola Solutions (NYSE:MSI) last posted its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, topping the consensus estimate of $4.35 by $0.24. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the company posted $4.04 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts anticipate that Motorola Solutions will post 13.55 earnings per share for the current fiscal year.

Institutional Trading of Motorola Solutions

A number of institutional investors and hedge funds have recently modified their holdings of MSI. Orion Capital Management LLC bought a new stake in Motorola Solutions in the 3rd quarter worth about $25,000. United Community Bank grew its stake in shares of Motorola Solutions by 81.3% in the third quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock worth $27,000 after acquiring an additional 26 shares during the period. Strategic Advocates LLC bought a new stake in shares of Motorola Solutions in the third quarter worth approximately $28,000. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions during the third quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Motorola Solutions during the third quarter valued at approximately $33,000. Institutional investors own 84.17% of the company’s stock.

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.