UL Solutions Inc. (NYSE:ULS) to Issue Quarterly Dividend of $0.14

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Wednesday, August 19th. Stockholders of record on Monday, August 31st will be given a dividend of 0.145 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st.

UL Solutions Trading Up 0.1%

Shares of ULS stock traded up $0.11 during mid-day trading on Wednesday, reaching $76.07. The company’s stock had a trading volume of 480,891 shares, compared to its average volume of 953,927. The company’s 50 day simple moving average is $88.66 and its 200-day simple moving average is $87.62. UL Solutions has a 12-month low of $61.64 and a 12-month high of $107.54. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $15.36 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 3.21 and a beta of 0.71.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $813.62 million. During the same period in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that UL Solutions will post 2.08 EPS 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.