Motorola Solutions Inc (NYSE:MSI) to Issue Quarterly Dividend of $0.64

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.

Several research analysts have recently weighed in on the stock. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Motorola Solutions from $150.00 to $151.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. ValuEngine downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank lifted their target price on shares of Motorola Solutions from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research raised shares of Motorola Solutions from a “sell” rating to a “hold” rating and set a $171.00 target price on the stock in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $180.96.

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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Dividend History for Motorola Solutions (NYSE:MSI)

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