Motorola Solutions Inc to Issue Quarterly Dividend of $0.57 (MSI)

Motorola Solutions Inc (NYSE:MSI) declared a quarterly dividend on Friday, February 15th, Wall Street Journal reports. Investors of record on Friday, March 15th will be paid a dividend of 0.57 per share by the communications equipment provider on Monday, April 15th. This represents a $2.28 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, March 14th.

Motorola Solutions has increased its dividend by an average of 15.2% per year over the last three years and has increased its dividend every year for the last 8 years. Motorola Solutions has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Motorola Solutions to earn $8.18 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 27.9%.

MSI traded up $1.44 on Friday, reaching $138.63. The company had a trading volume of 1,076,501 shares, compared to its average volume of 1,218,350. Motorola Solutions has a fifty-two week low of $103.18 and a fifty-two week high of $138.92. The firm has a market cap of $22.50 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.53.

Motorola Solutions (NYSE:MSI) last announced its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $2.63 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.22. Motorola Solutions had a net margin of 13.17% and a negative return on equity of 82.33%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business earned $2.10 EPS. Motorola Solutions’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Motorola Solutions will post 7.36 earnings per share for the current year.

In related news, SVP Rajan Naik sold 14,606 shares of the stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $127.00, for a total transaction of $1,854,962.00. Following the sale, the senior vice president now owns 10,544 shares in the company, valued at approximately $1,339,088. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

A number of brokerages have issued reports on MSI. Zacks Investment Research upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday. Deutsche Bank increased their target price on shares of Motorola Solutions to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. ValuEngine upgraded shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group increased their target price on shares of Motorola Solutions from $134.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Raymond James set a $139.00 target price on shares of Motorola Solutions and gave the stock a “buy” rating in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Motorola Solutions presently has a consensus rating of “Buy” and a consensus price target of $131.50.

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About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Dividend History for Motorola Solutions (NYSE:MSI)

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