Federal Signal Corporation (NYSE:FSS – Get Free Report) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 15th will be given a dividend of 0.15 per share by the conglomerate on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 15th.
Federal Signal has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Federal Signal has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.
Federal Signal Trading Down 1.7%
Federal Signal stock opened at $115.37 on Wednesday. Federal Signal has a 52 week low of $91.48 and a 52 week high of $132.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. The firm has a market capitalization of $7.04 billion, a PE ratio of 26.22, a PEG ratio of 1.70 and a beta of 1.32. The business’s 50-day simple moving average is $112.68 and its 200-day simple moving average is $113.46.
Institutional Trading of Federal Signal
Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Federal Signal by 140.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after buying an additional 142 shares in the last quarter. Palladiem LLC bought a new stake in shares of Federal Signal in the 4th quarter valued at $27,000. Physician Wealth Advisors Inc. increased its position in shares of Federal Signal by 57.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock valued at $27,000 after buying an additional 91 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after buying an additional 248 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Federal Signal by 118.0% in the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after buying an additional 151 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.
About Federal Signal
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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