UL Solutions Inc. (ULS) to Issue Quarterly Dividend of $0.15 on March 12th

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.145 per share on Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend 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 stock opened at $80.10 on Friday. The business’s fifty day moving average is $76.06 and its 200 day moving average is $75.04. The company has a quick ratio of 1.33, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 4.59 and a beta of 1.11. UL Solutions has a twelve month low of $49.34 and a twelve month high of $91.95.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Research analysts expect 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.