Motorola Solutions Inc (NYSE:MSI) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.64 per share by the communications equipment provider on Wednesday, January 15th. This represents a $2.56 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Motorola Solutions’s previous quarterly dividend of $0.57.
Shares of Motorola Solutions stock traded down $0.90 during trading on Tuesday, hitting $160.60. The stock had a trading volume of 15,097 shares, compared to its average volume of 1,037,496. The stock has a 50 day simple moving average of $164.67 and a 200 day simple moving average of $167.36. The company has a market capitalization of $27.54 billion, a PE ratio of 23.51, a P/E/G ratio of 2.61 and a beta of 0.57. Motorola Solutions has a 1 year low of $108.25 and a 1 year high of $182.28.
Motorola Solutions (NYSE:MSI) last released its earnings results on Wednesday, October 30th. The communications equipment provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.09. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Motorola Solutions had a net margin of 13.50% and a negative return on equity of 114.01%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, sell-side analysts predict that Motorola Solutions will post 7.26 earnings per share for the current year.
About Motorola Solutions
Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.
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