UL Solutions Inc. (ULS) to Issue Quarterly Dividend of $0.15 on June 8th

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Tuesday, May 19th. Investors 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 dividend yield of 0.6%. The ex-dividend date is Friday, May 29th.

UL Solutions Stock Performance

NYSE:ULS opened at $101.06 on Wednesday. UL Solutions has a twelve month low of $61.64 and a twelve month high of $107.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $20.37 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 4.00 and a beta of 0.59. The firm’s fifty day simple moving average is $91.23 and its 200 day simple moving average is $83.67.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect 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.