Federal Signal Co. (NYSE:FSS) Announces Quarterly Dividend of $0.14

Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.14 per share by the conglomerate on Thursday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12.

Federal Signal has raised its dividend by an average of 10.1% annually over the last three years. Federal Signal has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Signal to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.8%.

Federal Signal Stock Performance

Shares of FSS stock opened at $90.98 on Tuesday. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The business has a fifty day moving average of $95.70 and a 200 day moving average of $92.99. Federal Signal has a 1 year low of $76.85 and a 1 year high of $102.18.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FSS. StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James restated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, DA Davidson lowered their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.