Federal Signal Corporation Buyback
OLI recorded this information on 4/22/2025
Company: |
Federal Signal Corporation |
Buyback: |
FSS buyback |
$Amount Authorized: |
$177,000,000 |
Buyback Details: |
Federal Signal Corporation (NYSE: FSS) (the "Company") today announced that its Board of Directors ("Board") declared a quarterly cash dividend of fourteen cents ($0.14) per share on its common stock. The dividend is payable on May 30, 2025 to stockholders of record at the close of business on May 16, 2025. The Company also announced today that its Board has authorized an additional stock repurchase program of up to $150 million of the Company's common stock. The repurchase program supplements the Board's prior authorization from March 2020, which had approximately $27 million of availability remaining as of the end of the first quarter of 2025. The newly-authorized program is intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns, and manage the Company's capital structure. |
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. Co.'s segments include Environmental Solutions Group and Safety and Security Systems. The Environmental Solutions Group is a manufacturer and supplier of a full range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, water blasting equipment, road-marking and line-removal equipment, dump truck bodies, trailers, metal extraction support equipment and multi-purpose tractors.
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