Motorola Solutions, Inc. (MSI) Declares Dividend Increase – $0.52 Per Share
Motorola Solutions, Inc. (NYSE:MSI) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.52 per share by the communications equipment provider on Friday, January 12th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Motorola Solutions’s previous quarterly dividend of $0.47.
Motorola Solutions has increased its dividend by an average of 14.6% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Motorola Solutions has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. 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 (NYSE:MSI) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. Motorola Solutions’s quarterly revenue was up 4.7% on a year-over-year basis.
In related news, EVP Bruce W. Brda sold 25,299 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.11, for a total value of $2,254,393.89. Following the completion of the sale, the executive vice president now directly owns 23,829 shares of the company’s stock, valued at $2,123,402.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eduardo F. Conrado sold 6,998 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $89.13, for a total transaction of $623,731.74. Following the completion of the sale, the executive vice president now directly owns 22,858 shares of the company’s stock, valued at $2,037,333.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
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Several research analysts have commented on MSI shares. Zacks Investment Research raised shares of Motorola Solutions from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Thursday, July 27th. Credit Suisse Group AG set a $95.00 price objective on shares of Motorola Solutions and gave the stock a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets lifted their price objective on shares of Motorola Solutions from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Deutsche Bank AG lifted their price objective on shares of Motorola Solutions from $73.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $83.00 price objective (up from $75.00) on shares of Motorola Solutions in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Motorola Solutions currently has a consensus rating of “Buy” and a consensus target price of $94.42.
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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