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

Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.12 per share by the conglomerate on Friday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, May 16th.

Federal Signal has increased its dividend by an average of 6.8% annually over the last three years and has increased its dividend every year for the last 2 years. Federal Signal has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Signal to earn $3.30 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 14.5%.

Federal Signal Trading Down 0.7 %

Shares of NYSE FSS traded down $0.62 during midday trading on Wednesday, reaching $83.14. The company had a trading volume of 35,582 shares, compared to its average volume of 343,908. Federal Signal has a one year low of $49.82 and a one year high of $88.47. The stock has a market cap of $5.07 billion, a PE ratio of 32.64 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $81.92 and its 200-day moving average price is $74.43.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. Federal Signal’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. On average, equities research analysts anticipate that Federal Signal will post 2.99 earnings per share for the current year.

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.