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

Motorola Solutions, Inc. (NYSE:MSI) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Friday, March 14th will be paid 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 yield of 1.02%.

Motorola Solutions has increased its dividend payment by an average of 11.3% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Motorola Solutions has a 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 Stock Performance

Shares of NYSE:MSI traded up $5.07 during trading on Tuesday, reaching $425.77. 869,849 shares of the stock were exchanged, compared to its average volume of 816,210. Motorola Solutions has a 12 month low of $326.22 and a 12 month high of $507.82. The stock has a 50-day moving average price of $462.09 and a 200-day moving average price of $460.47. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 3.30. The firm has a market cap of $71.08 billion, a PE ratio of 46.18, a PEG ratio of 3.82 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

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