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

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

UL Solutions Stock Up 1.9%

ULS stock opened at $101.85 on Thursday. 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 1-year low of $61.64 and a 1-year high of $107.54. The firm has a fifty day moving average price of $89.67 and a two-hundred day moving average price of $83.10. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 59.56, a PEG ratio of 3.89 and a beta of 0.59.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $748.50 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts predict that UL Solutions will post 2.1 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.