Motorola Solutions Inc (NYSE:MSI) announced a quarterly dividend on Thursday, November 15th, RTT News reports. Investors of record on Friday, December 14th will be given a dividend of 0.57 per share by the communications equipment provider on Tuesday, January 15th. This represents a $2.28 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 13th. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.52.

Motorola Solutions has raised its dividend payment by an average of 14.0% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Motorola Solutions has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Motorola Solutions to earn $7.29 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 31.3%.

MSI stock traded down $2.23 during midday trading on Friday, reaching $127.53. The company’s stock had a trading volume of 1,279,792 shares, compared to its average volume of 860,869. Motorola Solutions has a 1 year low of $89.18 and a 1 year high of $133.97. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.98 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last released its earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.22. Motorola Solutions had a negative return on equity of 68.88% and a negative net margin of 0.44%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.53 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts forecast that Motorola Solutions will post 6.69 earnings per share for the current fiscal year.

In other Motorola Solutions news, CFO Gino A. Bonanotte sold 23,201 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total value of $2,922,629.97. Following the sale, the chief financial officer now directly owns 41,019 shares of the company’s stock, valued at $5,167,163.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Daniel G. Pekofske sold 3,132 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $123.12, for a total value of $385,611.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,902 shares of company stock valued at $107,111,734. 2.20% of the stock is owned by company insiders.

MSI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Citigroup increased their price target on Motorola Solutions from $130.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group set a $137.00 price objective on Motorola Solutions and gave the company a “hold” rating in a research report on Friday, September 21st. Jefferies Financial Group raised their price objective on Motorola Solutions from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 28th. Finally, Gabelli downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $128.68.

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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.

Further Reading: Stock Symbols and CUSIP Explained

Dividend History for Motorola Solutions (NYSE:MSI)

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