UL Solutions Inc. (NYSE:ULS) Plans $0.13 Quarterly Dividend

Key Points

• UL Solutions Inc. announced a quarterly dividend of $0.13 per share, with payment scheduled for September 8th to investors of record on August 29th, resulting in an annualized yield of 0.8%.
• The company reported a second-quarter EPS of $0.52, exceeding estimates, with a revenue of $776 million, marking a year-over-year increase of 6.3%.
• UL Solutions has a market capitalization of $13.39 billion and notable financial metrics, including a P/E ratio of 41.16 and a net margin of 11.08%.

UL Solutions Inc. (NYSE:ULS - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.13 per share on Monday, September 8th. This represents a c) annualized dividend and a yield of 0.8%.

UL Solutions Price Performance

UL Solutions stock traded down $0.1490 during mid-day trading on Tuesday, hitting $66.6810. The stock had a trading volume of 1,230,262 shares, compared to its average volume of 1,052,234. The firm's 50 day moving average is $70.24 and its 200 day moving average is $63.08. UL Solutions has a one year low of $46.79 and a one year high of $74.15. The firm has a market capitalization of $13.39 billion, a P/E ratio of 41.16 and a beta of 1.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The business's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, sell-side analysts forecast that UL Solutions will post 1.69 earnings per share for the current fiscal year.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.

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