Federal Signal Co. (NYSE:FSS) declared a quarterly dividend on Monday, February 19th, Zacks reports. Shareholders of record on Monday, March 5th will be given a dividend of 0.07 per share by the conglomerate on Monday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, March 2nd.
Federal Signal has increased its dividend by an average of 46.0% per year over the last three years. Federal Signal has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.9%.
Federal Signal (FSS) opened at $19.57 on Friday. The firm has a market capitalization of $1,173.89, a price-to-earnings ratio of 26.81 and a beta of 1.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. Federal Signal has a 12 month low of $13.07 and a 12 month high of $23.64.
A number of equities analysts have weighed in on FSS shares. Sidoti started coverage on Federal Signal in a research note on Tuesday, February 20th. They set a “neutral” rating on the stock. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Federal Signal has an average rating of “Buy” and an average target price of $21.00.
Federal Signal Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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