UL Solutions Inc. (ULS) To Go Ex-Dividend on August 31st

UL Solutions Inc. (NYSE:ULS) declared 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 dividend yield of 0.8%. The ex-dividend date is Monday, August 31st.

UL Solutions Stock Down 1.5%

Shares of NYSE ULS opened at $74.40 on Friday. UL Solutions has a 12-month low of $61.64 and a 12-month high of $107.54. The firm’s 50-day simple moving average is $85.39 and its 200 day simple moving average is $87.73. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share 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 firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $813.62 million. During the same quarter last year, the company posted $0.52 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that UL Solutions will post 2.08 earnings per share for the current fiscal year.

UL Solutions Company Profile

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.