Motorola ups its dividend

Article Excerpt

MOTOROLA SOLUTIONS INC. $132 (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 163.5 million; Market cap: $21.6 billion; P/S ratio: 3.1; Divd yield: 1.7%; TSINetwork Rating: Average; www.motorolasolutions.com) makes communications equipment such as radios for police and fire vehicles. Starting with the January 2019 payment, Motorola raises its quarterly dividend by 9.6%. Investors will then receive $0.57 a share, up from $0.52. The new annual rate of $2.28 yields 1.7%. The company expects to earn between $7.00 and $7.05 a share in 2018. The stock, which has jumped 40% in the past year, trades at 18.8 times the midpoint of that range. However, recent acquisitions have fuelled much of that growth. Motorola Solutions is still a hold. hold…