Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) announced a quarterly dividend on Monday, May 18th. Investors of record on Wednesday, June 17th will be given a dividend of 1.21 per share by the communications equipment provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 17th.
Motorola Solutions has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Motorola Solutions has a dividend payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $16.61 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 29.1%.
Motorola Solutions Price Performance
MSI opened at $399.29 on Wednesday. The company’s 50 day simple moving average is $437.97 and its 200 day simple moving average is $414.32. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.86 and a current ratio of 1.07. Motorola Solutions has a 1 year low of $359.36 and a 1 year high of $492.22. The stock has a market capitalization of $66.28 billion, a PE ratio of 32.17, a P/E/G ratio of 2.84 and a beta of 0.93.
About Motorola Solutions
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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