Federal Signal Co. (FSS) To Go Ex-Dividend on March 14th

Federal Signal Co. (NYSE:FSS) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, March 14th. This is a 16.7% increase 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 dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Federal Signal to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.9%.

Federal Signal Price Performance

FSS stock opened at $80.45 on Wednesday. Federal Signal has a 1 year low of $76.85 and a 1 year high of $102.18. The stock has a market capitalization of $4.92 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.03. The company’s 50-day moving average is $93.20 and its 200-day moving average is $92.03. 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 quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities research analysts expect that Federal Signal will post 3.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSS has been the topic of several research reports. Raymond James restated an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

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.