Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Zebra Technologies Corporation is a global provider of enterprise asset intelligence solutions, operating primarily in the automatic identification and data capture (AIDC) and enterprise mobility industries. The company designs and sells hardware, software, and services that enable organizations to identify, track, and manage assets, people, and workflows in real time. Its offerings are widely used in mission-critical environments where operational accuracy, visibility, and productivity are essential.
The company generates revenue primarily through the sale of barcode printers, mobile computing devices, scanners, RFID solutions, software platforms, and related services. Zebra serves customers across retail, e-commerce, logistics and transportation, manufacturing, healthcare, public sector, and warehouse and distribution markets. A key strategic advantage is its vertically integrated portfolio that combines devices, data capture technologies, analytics software, and lifecycle services, enabling end-to-end operational visibility.
Zebra was founded in 1969 as Data Specialties Incorporated and initially focused on high-speed electromechanical products. The company adopted the Zebra Technologies name in the 1980s as it shifted toward barcode printing and data capture solutions. A major inflection point occurred in 2014 with the acquisition of Motorola Solutions’ Enterprise Business, significantly expanding Zebra’s mobile computing and scanning capabilities and positioning it as a market leader in enterprise mobility.
Business Operations
Zebra operates through two primary business segments: Enterprise Visibility & Mobility (EVM) and Asset Intelligence & Tracking (AIT). The EVM segment, which represents the majority of revenue, includes mobile computers, barcode scanners, printers, vision systems, and workflow optimization software used by frontline workers. The AIT segment focuses on RFID hardware, software, and real-time location solutions that provide asset tracking and inventory visibility across complex environments.
The company conducts operations globally, with manufacturing, research and development, sales, and service functions spanning multiple regions. Zebra controls a broad portfolio of proprietary technologies across scanning, printing, RFID, machine vision, and data analytics, supported by software platforms such as Zebra Savanna and enterprise device management tools. Key subsidiaries include Zebra Technologies International, LLC and legacy operations from the Motorola Solutions Enterprise Business, which now operate fully under the Zebra brand.
Strategic Position & Investments
Zebra’s strategy centers on enabling the “connected frontline worker” by integrating hardware, software, and data analytics into unified solutions. Growth initiatives emphasize software and services expansion, recurring revenue models, and deeper penetration into healthcare, retail automation, and e-commerce fulfillment. The company has also focused on expanding artificial intelligence, machine vision, and real-time data analytics capabilities to support automation and digital transformation initiatives.
Notable acquisitions include Motorola Solutions’ Enterprise Business (2014), which transformed Zebra into a diversified enterprise technology provider, and Reflexis Systems (2020), strengthening its workforce management and retail execution software offerings. Zebra continues to invest in emerging technologies such as computer vision, autonomous data capture, and RFID-based asset intelligence, while maintaining a disciplined approach to capital allocation and balance sheet management.
Geographic Footprint
Zebra Technologies is headquartered in North America, with its corporate headquarters located in Lincolnshire, Illinois, United States. The company maintains a significant global presence, with operations across Europe, Asia-Pacific, Latin America, Middle East, and Africa, supporting customers in more than 100 countries.
International markets represent a substantial portion of revenue, supported by regional sales offices, R&D centers, manufacturing partners, and service hubs. Zebra’s global footprint enables it to serve multinational customers consistently while adapting solutions to local regulatory, operational, and industry-specific requirements.
Leadership & Governance
Zebra is led by an executive team with deep experience in enterprise technology, operations, and global markets. The leadership emphasizes customer-centric innovation, disciplined execution, and long-term value creation, with a strategic vision focused on digitizing and automating frontline operations across industries.
Key executives include:
- Anders Gustafsson – Chief Executive Officer
- Nathan Winters – Chief Financial Officer
- Tom Bianculli – Chief Technology Officer
- Jeff Schmitz – Chief Marketing Officer
- Mike Cho – Chief Human Resources Officer
- Bill Burns – President, Enterprise Visibility & Mobility
The company operates under a board-governed structure aligned with U.S. public company standards, with oversight informed by long-term strategic planning, risk management, and shareholder accountability.