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

Motorola Solutions, Inc. (NYSE:MSI) declared 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 annualized dividend and a dividend yield of 0.88%. This is a positive change 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 increased its dividend every year for the last 12 years. Motorola Solutions has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE MSI opened at $493.70 on Friday. Motorola Solutions has a twelve month low of $307.09 and a twelve month high of $507.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The stock has a market capitalization of $82.51 billion, a PE ratio of 54.07, a P/E/G ratio of 4.15 and a beta of 0.97. The stock has a 50-day simple moving average of $458.10 and a 200 day simple moving average of $412.66.

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

Analyst Upgrades and Downgrades

Several research firms have commented on MSI. Raymond James upped their price target on Motorola Solutions from $425.00 to $515.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price target on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Barclays upped their price target on Motorola Solutions from $467.00 to $529.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Bank of America upped their price target on Motorola Solutions from $440.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $493.43.

About Motorola Solutions

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.