Federal Signal Co. (NYSE:FSS) Plans Dividend Increase – $0.14 Per Share

Federal Signal Co. (NYSE:FSS) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.14 per share by the conglomerate on Thursday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12.

Federal Signal has raised its dividend payment by an average of 10.1% per year over the last three years. Federal Signal has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $3.76 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 12.8%.

Federal Signal Trading Down 2.9 %

NYSE FSS traded down $2.73 on Monday, hitting $90.98. The company’s stock had a trading volume of 570,835 shares, compared to its average volume of 379,380. The company’s 50-day moving average is $95.83 and its 200 day moving average is $93.01. The firm has a market cap of $5.56 billion, a PE ratio of 26.37, a PEG ratio of 1.85 and a beta of 1.01. Federal Signal has a 1-year low of $76.85 and a 1-year high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Several brokerages have commented on FSS. DA Davidson cut their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Friday. Finally, Raymond James restated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Company Profile

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.