Motorola Solutions Inc (NYSE:MSI) announced a quarterly dividend on Tuesday, August 28th, RTT News reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.52 per share by the communications equipment provider on Monday, October 15th. This represents a $2.08 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, September 13th.
Motorola Solutions has increased its dividend payment by an average of 14.0% annually over the last three years and has increased its dividend every year for the last 7 years. Motorola Solutions has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $7.33 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 28.4%.
Shares of Motorola Solutions stock opened at $126.79 on Friday. The firm has a market capitalization of $20.71 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.43. Motorola Solutions has a 12 month low of $82.86 and a 12 month high of $129.20. The company has a debt-to-equity ratio of -3.55, a quick ratio of 1.09 and a current ratio of 1.23.
Motorola Solutions (NYSE:MSI) last announced its earnings results on Thursday, August 2nd. The communications equipment provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Motorola Solutions had a negative net margin of 0.97% and a negative return on equity of 70.84%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. equities research analysts expect that Motorola Solutions will post 6.57 EPS for the current fiscal year.
MSI has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, July 24th. Jefferies Financial Group lifted their target price on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a report on Monday, July 23rd. Credit Suisse Group set a $129.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a report on Tuesday, July 17th. Argus lifted their target price on shares of Motorola Solutions to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Northcoast Research set a $128.00 target price on shares of Motorola Solutions and gave the company a “buy” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $130.23.
Motorola Solutions Company Profile
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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