Federal Signal Co. (NYSE:FSS) Declares Dividend Increase – $0.14 Per Share

Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.14 per share by the conglomerate on Thursday, March 27th. This represents a $0.56 annualized dividend and a 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% per year over the last three years. Federal Signal has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. 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 Down 2.9 %

Shares of FSS stock traded down $2.73 on Monday, hitting $90.98. 570,835 shares of the stock were exchanged, compared to its average volume of 379,380. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.56 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. Federal Signal has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The business has a 50-day moving average of $95.83 and a 200 day moving average of $93.01.

Analyst Upgrades and Downgrades

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