Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Monday, February 19th, Zacks reports. Stockholders of record on Monday, March 5th will be paid a dividend of 0.07 per share by the conglomerate on Monday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, March 2nd.
Federal Signal has increased its dividend payment by an average of 46.0% per year over the last three years. Federal Signal has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.9%.
Shares of Federal Signal (NYSE FSS) opened at $21.39 on Thursday. The company has a market cap of $1,176.28, a PE ratio of 29.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23. Federal Signal has a 12-month low of $13.07 and a 12-month high of $23.64.
A number of equities research analysts have recently commented on FSS shares. Sidoti started coverage on shares of Federal Signal in a research report on Tuesday, February 20th. They issued a “neutral” rating for the company. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.00.
About Federal Signal
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.