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

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

UL Solutions Price Performance

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

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