Federal Signal Corporation
FSSIndustrials · Farm & Heavy Construction Machinery · Stock · quarterly payer
Forward Yield
0.53%
Annual Dividend
$0.60
Payout Ratio
13%
5-Yr Growth
11.8%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Key facts about FSS's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Federal Signal Corporation (FSS) has a forward dividend yield of 0.53%, based on an annual dividend of $0.60 per share and a share price of $112.39.
- As of Oct 18, 2026, FSS's dividend safety grade from SmarterDividends is A (84 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Federal Signal Corporation (FSS) has raised its dividend for 3 consecutive years as of Oct 18, 2026.
- FSS last cut its regular dividend in 2014.
- FSS's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.15 per share.
- As of Oct 18, 2026, FSS pays out 13% of its trailing 12-month earnings as dividends (its payout ratio).
- FSS's dividend has grown at an average rate of 11.8% a year over the past five years.
- As of Oct 18, 2026, FSS's 0.53% yield is 25% below its five-year average yield of 0.71%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for FSS is $82.84 per share, 26% below the $112.39 share price, so FSS screens as overvalued.
- Federal Signal Corporation (FSS) pays its dividend quarterly, 4 times a year.
- Federal Signal Corporation (FSS) has raised its regular dividend 24 times and cut it 2 times across the 142 payments on record since 1987. Its most recent change was a 7.1% increase to $0.150 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Mar 11, 2005.
Cite this page
SmarterDividends, "FSS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/FSS
Summary
As of Oct 18, 2026, Federal Signal Corporation (FSS) yields 0.53% ($0.60 a year per share), has a dividend safety grade of A (84/100) and has 3 consecutive years of dividend increases on record.
Is FSS a good dividend stock?
YesFederal Signal Corporation (FSS) pays a quarterly dividend yielding 0.53% ($0.60/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (13%)
- Strong 11.8% 5-yr dividend growth
- 165% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2014
Key Data
- Dividend Yield
- 0.53%
- Payout Ratio
- 13%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 1.23
- Market Cap
- $6.9B
- P/E Ratio
- 24.2
- 5-Yr Total Return
- 165%
- 52-Week Range
- $101.19 – $134.51
- Dividend Safety
- A · 84/100
- Ever Cut?
- Yes (2014)
FSS dividend raises and cuts
Federal Signal Corporation (FSS) has raised its regular dividend 24 times and cut it 2 times across the 142 payments on record since 1987. Its most recent change was a 7.1% increase to $0.150 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Mar 11, 2005.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2026 | Raise | $0.140 → $0.150 | +7.1% |
| Mar 14, 2025 | Raise | $0.120 → $0.140 | +16.7% |
| Mar 14, 2024 | Raise | $0.100 → $0.120 | +20.0% |
| May 18, 2023 | Raise | $0.0900 → $0.100 | +11.1% |
| Mar 18, 2021 | Raise | $0.0800 → $0.0900 | +12.5% |
| May 14, 2018 | Raise | $0.0700 → $0.0800 | +14.3% |
| Nov 13, 2015 | Raise | $0.0600 → $0.0700 | +16.7% |
| Mar 5, 2015 | Raise | $0.0300 → $0.0600 | +100.0% |
| Mar 11, 2005 | Cut | $0.100 → $0.0600 | −40.0% |
| Dec 10, 2003 | Cut | $0.200 → $0.100 | −50.0% |
| Mar 12, 2002 | Raise | $0.195 → $0.200 | +2.6% |
| Mar 13, 2001 | Raise | $0.190 → $0.195 | +2.6% |
Show all 26 changes since 1988
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 16, 2000 | Raise | $0.185 → $0.190 | +2.7% |
| Feb 16, 1999 | Raise | $0.178 → $0.185 | +3.9% |
| Feb 17, 1998 | Raise | $0.168 → $0.178 | +6.0% |
| Feb 18, 1997 | Raise | $0.145 → $0.168 | +15.9% |
| Feb 15, 1996 | Raise | $0.125 → $0.145 | +16.0% |
| Feb 8, 1995 | Raise | $0.105 → $0.125 | +19.0% |
| Feb 8, 1994 | Raise | $0.0900 → $0.105 | +16.7% |
| Feb 8, 1993 | Raise | $0.0788 → $0.0900 | +14.3% |
| May 1, 1992 | Raise | $0.0785 → $0.0788 | +0.3% |
| Feb 10, 1992 | Raise | $0.0675 → $0.0785 | +16.3% |
| May 3, 1991 | Raise | $0.0550 → $0.0675 | +22.7% |
| May 4, 1990 | Raise | $0.0467 → $0.0550 | +17.9% |
| Feb 8, 1989 | Raise | $0.0404 → $0.0467 | +15.5% |
| May 6, 1988 | Raise | $0.0367 → $0.0404 | +10.0% |
Frequently Asked Questions
Is FSS a good dividend stock?
Yes. Federal Signal Corporation (FSS) pays a quarterly dividend yielding 0.53% ($0.60/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is FSS undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FSS's fair value is about $82.84 versus a $112.39 share price — so it looks overvalued (-26% vs. fair value).
Is FSS's dividend safe?
FSS has a dividend-safety grade of A (84/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2014, debt and yield-versus-history.
What is FSS's fair value?
Our blended fair-value estimate for FSS is about $82.84 per share, about 26% below the current $112.39 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is FSS a buy, hold, or sell?
We don't issue formal ratings, but on the data FSS screens as "yes" and overvalued. Federal Signal Corporation (FSS) pays a quarterly dividend yielding 0.53% ($0.60/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will FSS cut its dividend?
FSS earns a dividend-safety grade of A (84/100), and has cut its dividend before (last in 2014). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does FSS pay a dividend?
Yes. Federal Signal Corporation pays a quarterly dividend of about $0.60 per share annually, a forward yield of roughly 0.53%.
What is FSS's dividend yield?
As of Oct 18, 2026, FSS's forward dividend yield is 0.53%, based on a $0.60 annual dividend and a $112.39 share price.
What is FSS's dividend per share?
As of Oct 18, 2026, FSS pays $0.60 per share per year, distributed on a quarterly basis.
What is FSS's dividend payout ratio?
As of Oct 18, 2026, FSS's payout ratio is 13% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has FSS grown its dividend?
As of Oct 18, 2026, FSS has increased its dividend for 3 consecutive years.
When is the next FSS ex-dividend date?
As of Oct 18, 2026, FSS's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.15 per share.
FSS Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
+63%
5 Years
+165%
52-Week Range
$101.19 – $134.51
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FSS worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Federal Signal Corporation is $82.84 per share, versus a market price of $112.39. That implies 26% of downside.
Fair Value
$82.84
Current Price
$112.39
Downside
-26%
Margin of Safety
-36%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 22.6% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.5% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $4.64 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FSS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full FSS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Aug 27, 2026 | $0.1500 | regular |
| May 15, 2026 | May 29, 2026 | $0.1500 | regular |
| Mar 13, 2026 | Mar 26, 2026 | $0.1500 | regular |
| Nov 14, 2025 | Dec 2, 2025 | $0.1400 | regular |
| Aug 15, 2025 | Aug 28, 2025 | $0.1400 | regular |
| May 16, 2025 | May 30, 2025 | $0.1400 | regular |
| Mar 14, 2025 | Mar 27, 2025 | $0.1400 | regular |
| Nov 15, 2024 | Dec 2, 2024 | $0.1200 | regular |
| Aug 16, 2024 | Aug 30, 2024 | $0.1200 | regular |
| May 16, 2024 | May 31, 2024 | $0.1200 | regular |
| Mar 14, 2024 | Mar 28, 2024 | $0.1200 | regular |
| Nov 16, 2023 | Dec 1, 2023 | $0.1000 | regular |
| Aug 17, 2023 | Sep 1, 2023 | $0.1000 | regular |
| May 18, 2023 | Jun 2, 2023 | $0.1000 | regular |
Income Calculator
At $0.60 / yr per share
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