Motorola Solutions, Inc. (MSI) to Issue Quarterly Dividend of $0.47 on October 13th
Motorola Solutions, Inc. (NYSE:MSI) declared a quarterly dividend on Tuesday, August 22nd, RTT News reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.47 per share by the communications equipment provider on Friday, October 13th. This represents a $1.88 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, September 14th.
Motorola Solutions has raised its dividend payment by an average of 14.6% per year over the last three years and has raised its dividend every year for the last 6 years. Motorola Solutions has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Motorola Solutions to earn $5.33 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 35.3%.
Motorola Solutions (MSI) traded down 0.75% during trading on Wednesday, reaching $87.08. The company’s stock had a trading volume of 131,894 shares. The company’s 50-day moving average is $88.37 and its 200-day moving average is $85.63. Motorola Solutions has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a market capitalization of $14.16 billion, a P/E ratio of 22.96 and a beta of 0.33.
Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Motorola Solutions had a negative return on equity of 93.44% and a net margin of 10.38%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts anticipate that Motorola Solutions will post $5.29 EPS for the current year.
In other news, EVP Eduardo F. Conrado sold 6,998 shares of Motorola Solutions stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bruce W. Brda sold 25,299 shares of Motorola Solutions stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
A number of equities analysts have recently commented on MSI shares. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Raymond James Financial, Inc. upgraded Motorola Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets reiterated a “buy” rating on shares of Motorola Solutions in a research note on Friday, June 23rd. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, May 30th. Finally, BidaskClub upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Motorola Solutions currently has an average rating of “Buy” and an average price target of $94.17.
About Motorola Solutions
Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.
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