As a provider of communications equipment and services, this featured stock seems well positioned to benefit from a growing global commitment to public safety, explains Chuck Carlson, DRIP Investor.

Motorola Solutions (MSI) offers a variety of network infrastructure, devices, and software for government, public safety and first-responder agencies, municipalities.

Its products include two-way portable radio systems, dispatch systems, and body-worn cameras. The firm's services segment provides network integration systems and monitoring as well as technical support.

The services unit is benefiting from the acquisition of Airwave, the largest private operator of a public safety network in the world. The deal expanded the company’s overseas business, especially in the United Kingdom where Airwave is based.

Motorola also recently purchased Spillman Technologies, a provider of law enforcement and public safety software solutions to more than 1,700 agencies throughout the U.S.

The stock has performed well over the last couple of weeks, and I think the momentum will carry into 2017. I own these shares and recommend them at current prices.

The dividend increase has helped to lift the yield on these shares to a very competitive 2.3%. Capital-gains appeal is ample as well.

The stock trades at 15 times 2017 earnings estimate of $5.15 per share. That’s a reasonable valuation for a company with Motorola Solutions’ growth rates.

I like the company’s position in a market that will likely see increased spending. The stock could pull back into the $70s in the near term, but any pullbacks would represent a buying opportunity.

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By Chuck Carlson, Editor of the DRIP Investor