Simulations Plus, Inc. (SLP) Plans Quarterly Dividend of $0.06

Simulations Plus, Inc. (NASDAQ:SLP) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be given a dividend of 0.06 per share by the technology company on Monday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, November 10th. This is an increase from Simulations Plus’s previous quarterly dividend of $0.05.

Several equities research analysts have issued reports on SLP shares. Zacks Investment Research upgraded shares of Simulations Plus from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, July 25th. BidaskClub lowered shares of Simulations Plus from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st.

In other Simulations Plus news, insider Walter S. Woltosz sold 18,500 shares of Simulations Plus stock in a transaction on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total value of $302,845.00. Following the sale, the insider now directly owns 5,629,416 shares in the company, valued at approximately $92,153,539.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 36.93% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in Simulations Plus by 13.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after buying an additional 1,085 shares during the last quarter. California State Teachers Retirement System acquired a new stake in Simulations Plus in the 2nd quarter valued at $240,000. Finally, State Street Corp increased its stake in Simulations Plus by 432.6% in the 2nd quarter. State Street Corp now owns 131,012 shares of the technology company’s stock valued at $1,617,000 after buying an additional 106,412 shares during the last quarter. Hedge funds and other institutional investors own 32.13% of the company’s stock.

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About Simulations Plus

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.

Dividend History for Simulations Plus (NASDAQ:SLP)

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