Federal Signal Co. (FSS) to Issue Quarterly Dividend of $0.12 on December 2nd

Federal Signal Co. (NYSE:FSS) declared a quarterly dividend on Tuesday, October 22nd,RTT News reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.12 per share by the conglomerate on Monday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. 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 dividend payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $3.73 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 12.9%.

Federal Signal Stock Performance

Shares of Federal Signal stock opened at $91.20 on Wednesday. The firm’s fifty day simple moving average is $88.66 and its 200-day simple moving average is $88.87. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 26.43 and a beta of 0.95. Federal Signal has a 12 month low of $65.23 and a 12 month high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. As a group, equities analysts forecast that Federal Signal will post 3.33 earnings per share for the current year.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th.

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.