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

Federal Signal Co. (NYSE:FSS) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders 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 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 increased its dividend payment by an average of 10.1% per year over the last three years. Federal Signal has a dividend 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 Price Performance

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

Wall Street Analysts Forecast Growth

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

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.