OAK BROOK, Ill. - Federal Signal Corporation (NYSE:FSS), a company known for manufacturing equipment that serves municipal, governmental, industrial, and commercial customers, has declared a quarterly cash dividend. The dividend, announced today, is set at twelve cents ($0.12) per share of its common stock.
The forthcoming dividend will be distributed on May 31, 2024, to shareholders who are recorded by the close of business on May 17, 2024. This declaration follows Federal Signal's tradition of delivering value to its stockholders and reflects the company's financial health and commitment to its shareholders.
Federal Signal, with a history dating back to 1901, operates worldwide with a focus on two main segments: Environmental Solutions and Safety and Security Systems. The company is headquartered in Oak Brook, Illinois, and maintains manufacturing facilities across the globe.
Investors and market watchers often view such dividend declarations as a positive signal of a company's stable financial position and its management's confidence in ongoing profitability. Dividends are also a way for companies to redistribute a portion of their earnings back to their shareholders.
The information in this article is based on a press release statement from Federal Signal Corporation.
InvestingPro Insights
As Federal Signal Corporation (NYSE:FSS) announces its latest dividend, investors are keen to understand the underlying financial metrics that support such a move. According to real-time data from InvestingPro, Federal Signal boasts a market capitalization of approximately $5 billion USD. The company's Price/Earnings (P/E) Ratio stands at 31.81, reflecting a premium earnings multiple, which suggests that investors may expect continued growth or stability in earnings. Additionally, the company's Price/Book (P/B) multiple is at 5.0 as of the last twelve months ending Q4 2023, indicating a higher valuation compared to the book value of its assets.
InvestingPro Tips highlight several key points for potential and current investors. Analysts have noted the company's consistent performance with a large price uptick of 43.91% over the last six months and a remarkable 61.36% return over the past year. This performance is particularly noteworthy and may be a contributing factor to the company's decision to maintain its dividend payments, which it has done for 11 consecutive years. Moreover, Federal Signal's liquid assets have been reported to exceed its short-term obligations, suggesting a solid liquidity position.
For those looking to delve deeper into Federal Signal's financials and future outlook, additional InvestingPro Tips are available. Investors can find more insights by visiting InvestingPro's dedicated page for Federal Signal, which includes a total of 13 tips. To further enrich your investment strategy, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.