Motorola Solutions, Inc. (MSI) to Issue Quarterly Dividend of $1.21 on January 15th

Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Tuesday, November 18th. Shareholders of record on Monday, December 15th will be paid a dividend of 1.21 per share by the communications equipment provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, December 15th. This is a 11,000.9% increase from Motorola Solutions’s previous quarterly dividend of $0.01.

Motorola Solutions has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Motorola Solutions has a payout ratio of 27.4% meaning its dividend is sufficiently covered by earnings. 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

NYSE:MSI opened at $371.10 on Thursday. Motorola Solutions has a twelve month low of $368.17 and a twelve month high of $503.62. The firm has a market capitalization of $61.81 billion, a P/E ratio of 29.88, a P/E/G ratio of 3.46 and a beta of 0.96. The company has a fifty day moving average of $437.44 and a 200-day moving average of $433.98. The company has a quick ratio of 1.54, a current ratio of 1.73 and a debt-to-equity ratio of 3.86.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.85 by $0.21. Motorola Solutions had a return on equity of 134.30% and a net margin of 19.08%.The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm posted $3.74 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Motorola Solutions will post 13.55 EPS for the current year.

Insider Activity at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of Motorola Solutions stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $483.50, for a total transaction of $24,175,000.00. Following the completion of the sale, the chief executive officer directly owned 46,936 shares in the company, valued at $22,693,556. The trade was a 51.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James A. Niewiara sold 1,700 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $485.43, for a total value of $825,231.00. Following the sale, the senior vice president owned 14,542 shares in the company, valued at $7,059,123.06. The trade was a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 110,614 shares of company stock valued at $53,085,917. Corporate insiders own 1.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MSI. Orion Capital Management LLC purchased a new position in shares of Motorola Solutions in the third quarter valued at about $25,000. United Community Bank lifted its stake in Motorola Solutions by 81.3% during the 3rd quarter. United Community Bank now owns 58 shares of the communications equipment provider’s stock valued at $27,000 after acquiring an additional 26 shares during the period. Signature Resources Capital Management LLC purchased a new stake in Motorola Solutions during the second quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Motorola Solutions during the 1st quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Motorola Solutions in the third quarter worth approximately $31,000. 84.17% of the stock is currently owned by institutional investors.

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.