Motorola Solutions, Inc. (MSI) to Issue Quarterly Dividend of $1.09 on January 15th

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, December 13th will be paid 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 dividend yield of 0.89%. The ex-dividend date is Friday, December 13th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.98.

Motorola Solutions has increased its dividend payment 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 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 Trading Down 1.0 %

MSI opened at $489.00 on Friday. The stock has a market capitalization of $81.72 billion, a PE ratio of 53.56, a P/E/G 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 company has a debt-to-equity ratio of 4.23, a quick ratio of 1.07 and a current ratio of 1.25. The business’s 50 day moving average price is $460.37 and its 200 day moving average price is $414.21.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $3.46 EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that Motorola Solutions will post 12.26 EPS for the current year.

Analysts Set New Price Targets

MSI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Evercore ISI boosted their target price on Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Jefferies Financial Group raised their price target on Motorola Solutions from $460.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price objective 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. raised their target price on Motorola Solutions from $436.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and an average target price 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.