Motorola Solutions, Inc. (NYSE:MSI) Declares Quarterly Dividend of $0.98

Motorola Solutions, Inc. (NYSE:MSI - Get Free Report) declared a quarterly dividend on Tuesday, May 14th, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.98 per share by the communications equipment provider on Monday, July 15th. This represents a $3.92 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 14th.

Motorola Solutions has increased its dividend by an average of 11.2% annually over the last three years and has increased its dividend every year for the last 12 years. Motorola Solutions has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Motorola Solutions to earn $13.01 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 30.1%.

Motorola Solutions Stock Performance

NYSE:MSI traded up $3.96 on Wednesday, hitting $365.01. The company's stock had a trading volume of 543,887 shares, compared to its average volume of 673,333. Motorola Solutions has a one year low of $269.64 and a one year high of $366.84. The firm has a market capitalization of $60.88 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 3.15 and a beta of 0.91. The stock has a fifty day moving average of $347.11 and a two-hundred day moving average of $328.22. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 11.16.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CAO Katherine A. Maher sold 2,615 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $354.68, for a total transaction of $927,488.20. Following the sale, the chief accounting officer now directly owns 1,138 shares in the company, valued at $403,625.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Katherine A. Maher sold 2,615 shares of Motorola Solutions stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $354.68, for a total value of $927,488.20. Following the transaction, the chief accounting officer now owns 1,138 shares in the company, valued at approximately $403,625.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP James A. Niewiara sold 810 shares of the business's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $358.09, for a total value of $290,052.90. Following the transaction, the senior vice president now directly owns 12,986 shares of the company's stock, valued at approximately $4,650,156.74. The disclosure for this sale can be found here. Insiders sold 8,169 shares of company stock valued at $2,803,460 in the last three months. Corporate insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Motorola Solutions from $400.00 to $405.00 and gave the company an "overweight" rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Motorola Solutions from a "hold" rating to a "buy" rating in a research report on Monday, February 12th. Barclays upped their target price on Motorola Solutions from $362.00 to $372.00 and gave the company an "overweight" rating in a research report on Friday, May 3rd. Evercore ISI started coverage on Motorola Solutions in a report on Monday, March 25th. They set an "outperform" rating and a $400.00 price target for the company. Finally, William Blair reaffirmed an "outperform" rating on shares of Motorola Solutions in a report on Friday, February 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Motorola Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $357.43.

About Motorola Solutions

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.