UL Solutions Inc. (NYSE:ULS – Get Free Report) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.125 per share on Monday, December 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.99%.
UL Solutions Stock Down 0.4 %
NYSE:ULS traded down $0.18 during trading hours on Thursday, reaching $50.66. 66,895 shares of the company were exchanged, compared to its average volume of 747,453. The business has a 50 day moving average of $50.83 and a 200 day moving average of $46.32. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.
UL Solutions (NYSE:ULS – Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. UL Solutions’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that UL Solutions will post 1.53 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on ULS
Insider Activity
In related news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total transaction of $147,000,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
About UL Solutions
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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