Federal Signal Co. (NYSE:FSS – Get Free Report) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.12 per share by the conglomerate on Friday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, August 16th.
Federal Signal has raised its dividend payment by an average of 6.8% annually over the last three years. Federal Signal has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $3.43 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 14.0%.
Federal Signal Stock Performance
Shares of Federal Signal stock traded down $3.04 on Wednesday, reaching $94.46. 276,916 shares of the stock were exchanged, compared to its average volume of 338,311. Federal Signal has a 1-year low of $56.37 and a 1-year high of $99.78. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $86.98 and a two-hundred day moving average price of $82.85. The firm has a market capitalization of $5.77 billion, a PE ratio of 32.75 and a beta of 0.95.
Analyst Upgrades and Downgrades
Separately, William Blair assumed coverage on Federal Signal in a research note on Friday, May 31st. They issued an “outperform” rating for the company.
Read Our Latest Stock Report on Federal Signal
Federal Signal Company Profile
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.
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