UL Solutions Inc. (NYSE:ULS) to Issue $0.15 Quarterly Dividend

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, May 29th will be given a dividend of 0.145 per share on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th.

UL Solutions Stock Up 1.9%

Shares of ULS traded up $1.86 during mid-day trading on Wednesday, reaching $101.85. The company’s stock had a trading volume of 586,098 shares, compared to its average volume of 902,688. UL Solutions has a 12-month low of $61.64 and a 12-month high of $107.54. The stock has a market cap of $20.53 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day moving average is $89.28 and its 200 day moving average is $82.94.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that UL Solutions will post 2.1 EPS for the current fiscal year.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.