Federal Signal Co. (NYSE:FSS) Declares $0.12 Quarterly Dividend

Federal Signal Co. (NYSE:FSS) 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.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Federal Signal will post 3.08 earnings per share for the current fiscal year.

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.

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.