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

by · The Cerbat Gem

UL Solutions Inc. (NYSE:ULS – Get Free Report) announced a quarterly dividend on Tuesday, May 19th. 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) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, May 29th.

UL Solutions Price Performance

NYSE ULS traded up $0.07 during trading hours on Thursday, reaching $102.05. 340,287 shares of the company’s stock were exchanged, compared to its average volume of 896,619. The stock has a market cap of $20.57 billion, a PE ratio of 59.72, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. UL Solutions has a one year low of $61.64 and a one year high of $107.54. The firm has a fifty day moving average of $89.67 and a 200-day moving average of $83.10. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.UL Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. On average, equities research analysts predict that UL Solutions will post 2.1 earnings per share for the current fiscal year.

About UL Solutions

(Get Free Report)

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.

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