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. Investors of record on Monday, August 31st will be given 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 is Monday, August 31st.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $76.07 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $88.22 and its two-hundred day simple moving average is $87.65. UL Solutions has a 1-year low of $61.64 and a 1-year high of $107.54. The stock has a market cap of $15.36 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 3.15 and a beta of 0.71.

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