UL Solutions Inc. Plans Quarterly Dividend of $0.15 (NYSE:ULS)

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

UL Solutions Price Performance

UL Solutions stock traded up $1.86 during mid-day trading on Wednesday, hitting $101.85. 586,098 shares of the company were exchanged, compared to its average volume of 902,688. The company has a market capitalization of $20.53 billion, a P/E ratio of 59.56, a PEG 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. UL Solutions has a 12-month low of $61.64 and a 12-month high of $107.54. The business’s 50 day simple moving average is $89.28 and its two-hundred day simple moving average is $82.94.

UL Solutions (NYSE:ULS) last announced 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 during the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that UL Solutions will post 2.1 earnings per share for the current fiscal year.

UL Solutions Company Profile

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.