Simulations Plus, Inc. (NASDAQ:SLP) Declares Quarterly Dividend of $0.06

Simulations Plus, Inc. (NASDAQ:SLP) announced a quarterly dividend on Wednesday, July 10th, NASDAQ reports. Shareholders of record on Thursday, July 25th will be given a dividend of 0.06 per share by the technology company on Thursday, August 1st. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Wednesday, July 24th.

Simulations Plus has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 2 years. Simulations Plus has a dividend payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simulations Plus to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 38.1%.

Shares of SLP opened at $34.87 on Tuesday. The stock’s 50-day moving average is $28.83. The firm has a market capitalization of $600.10 million, a PE ratio of 77.79 and a beta of -0.39. Simulations Plus has a 12 month low of $17.18 and a 12 month high of $36.20.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings data on Wednesday, July 10th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The company had revenue of $9.94 million for the quarter, compared to analysts’ expectations of $9.85 million. Simulations Plus had a return on equity of 23.48% and a net margin of 24.09%. As a group, equities research analysts expect that Simulations Plus will post 0.46 EPS for the current fiscal year.

In related news, Chairman Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $22.11, for a total value of $409,035.00. Following the transaction, the chairman now owns 5,196,039 shares in the company, valued at $114,884,422.29. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 31.57% of the company’s stock.

A number of research analysts have commented on SLP shares. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. BidaskClub upgraded Workhorse Group from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Finally, Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation, and machine-learning-based prediction of properties of molecules from their structure worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), pharmacodynamics, and drug-drug interactions of compounds administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments that measure the rate of dissolution of the drug and additives in a dosage form; and MembranePlus, which simulates laboratory experiments.

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Dividend History for Simulations Plus (NASDAQ:SLP)

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