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 paid a dividend of 1.21 per share by the communications equipment provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 16th.
Motorola Solutions has increased 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 dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance
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 stock’s 50 day simple moving average is $425.90 and its 200-day simple moving average is $432.37. The company has a market cap 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. Motorola Solutions has a 1-year low of $359.36 and a 1-year high of $493.57.
Institutional Investors Weigh In On Motorola Solutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSI. Sigma Planning Corp increased its position in shares of Motorola Solutions by 7.2% during the 2nd quarter. Sigma Planning Corp now owns 504 shares of the communications equipment provider’s stock worth $209,000 after purchasing an additional 34 shares during the last quarter. Two Sigma Securities LLC increased its position in shares of Motorola Solutions by 11.0% during the second quarter. Two Sigma Securities LLC now owns 1,081 shares of the communications equipment provider’s stock valued at $449,000 after acquiring an additional 107 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Motorola Solutions in the 2nd quarter valued at approximately $95,778,000. Flputnam Investment Management Co. lifted its holdings in shares of Motorola Solutions by 22.0% in the 2nd quarter. Flputnam Investment Management Co. now owns 30,841 shares of the communications equipment provider’s stock worth $12,808,000 after acquiring an additional 5,564 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its position in shares of Motorola Solutions by 12.8% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 1,055 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 120 shares during the period. Hedge funds and other 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.
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