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

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

Federal Signal has raised its dividend by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Federal Signal has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of FSS opened at $83.33 on Thursday. Federal Signal has a twelve month low of $49.82 and a twelve month high of $88.47. 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 company has a 50 day moving average of $82.00 and a 200-day moving average of $74.49. The stock has a market capitalization of $5.08 billion, a P/E ratio of 32.42 and a beta of 1.03.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The business had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts forecast that Federal Signal will post 2.99 EPS for the current fiscal 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.