Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Wednesday, September 16th will be paid a dividend of 1.21 per share by the communications equipment provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 16th.
Motorola Solutions has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Motorola Solutions has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $17.03 per share next year, which means the company should continue to be able to cover its $4.84 annual dividend with an expected future payout ratio of 28.4%.
Motorola Solutions Trading Down 1.5%
Shares of MSI stock opened at $473.81 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 3.13. Motorola Solutions has a 12-month low of $359.36 and a 12-month high of $493.57. The stock has a market capitalization of $78.41 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.87 and a beta of 0.87. The firm’s 50 day moving average is $427.16 and its 200 day moving average is $432.87.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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