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

Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.12 per share by the conglomerate on Monday, December 2nd. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, November 15th.

Federal Signal has raised its dividend by an average of 6.8% annually over the last three years. Federal Signal has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $3.64 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 13.2%.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $84.75 on Thursday. The business has a 50 day moving average of $90.75 and a 200 day moving average of $88.61. Federal Signal has a 52 week low of $57.05 and a 52 week high of $102.18. The company has a market cap of $5.18 billion, a PE ratio of 25.76 and a beta of 0.93. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. As a group, equities research analysts forecast that Federal Signal will post 3.24 earnings per share for the current year.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the sale, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

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.