UL Solutions Inc. (ULS) To Go Ex-Dividend on March 2nd

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.145 per share on Thursday, March 12th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, March 2nd. This is a 11.5% increase from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Price Performance

Shares of ULS traded down $0.15 during midday trading on Friday, reaching $83.96. The stock had a trading volume of 650,609 shares, compared to its average volume of 997,118. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 3.45 and a beta of 1.11. The company’s 50-day moving average is $76.46 and its 200 day moving average is $75.59. UL Solutions has a 12-month low of $49.34 and a 12-month high of $91.95. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS) last posted its earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $782.37 million. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities analysts predict that UL Solutions will post 1.69 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.