Motorola Solutions, Inc. (NYSE:MSI – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Stockholders of record on Wednesday, September 16th will be given a dividend of 1.21 per share by the communications equipment provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend 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%per year over the last three years and has raised its dividend every year for the last 13 years. Motorola Solutions has a dividend payout ratio of 30.4% meaning 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 Stock Up 0.2%
Shares of Motorola Solutions stock opened at $466.94 on Monday. The business’s 50 day simple moving average is $449.68 and its 200 day simple moving average is $437.27. Motorola Solutions has a 52-week low of $359.36 and a 52-week high of $494.85. The firm has a market cap of $77.27 billion, a PE ratio of 36.77, a P/E/G ratio of 2.78 and a beta of 0.88. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on MSI shares. Evercore reissued an “outperform” rating and issued a $550.00 price objective on shares of Motorola Solutions in a research report on Wednesday, August 26th. Piper Sandler lifted their price target on shares of Motorola Solutions from $503.00 to $530.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Zacks Research cut shares of Motorola Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Truist Financial raised their price objective on Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $519.44.
View Our Latest Analysis on Motorola Solutions
Motorola Solutions Company Profile
Motorola Solutions, Inc develops mission-critical communications and technology solutions for public safety organizations, government agencies and commercial enterprises. Its offerings include land mobile radio systems, broadband communications, command-center software, computer-aided dispatch, records management, evidence management and emergency call-handling technologies.
The company also provides video security and access-control solutions, including body-worn cameras, in-car video systems, fixed video surveillance and related analytics.
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