Simulations Plus, Inc. (SLP) to Issue Quarterly Dividend of $0.06 on November 2nd

Simulations Plus, Inc. (NASDAQ:SLP) announced a quarterly dividend on Tuesday, October 13th, Zacks reports. Investors of record on Monday, October 26th will be given a dividend of 0.06 per share by the technology company on Monday, November 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, October 23rd.

Simulations Plus has raised its dividend payment by 20.0% over the last three years and has raised its dividend annually for the last 1 consecutive years. Simulations Plus has a dividend payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simulations Plus to earn $0.62 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 38.7%.

Simulations Plus stock opened at $69.50 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 139.00, a price-to-earnings-growth ratio of 6.76 and a beta of -0.19. Simulations Plus has a twelve month low of $26.00 and a twelve month high of $77.89. The company has a 50 day moving average of $67.85 and a 200-day moving average of $55.68.

Several research analysts recently commented on the stock. Raymond James assumed coverage on shares of Simulations Plus in a report on Friday, October 16th. They set an “outperform” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of Simulations Plus from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Craig Hallum increased their target price on shares of Simulations Plus from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Oppenheimer initiated coverage on shares of Simulations Plus in a research report on Tuesday, September 8th. They set an “outperform” rating and a $79.00 price target on the stock. Finally, BidaskClub lowered shares of Simulations Plus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.00.

In other news, Director Walter S. Woltosz sold 24,000 shares of the stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $66.08, for a total value of $1,585,920.00. Following the transaction, the director now directly owns 4,731,359 shares of the company’s stock, valued at $312,648,202.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 28.96% of the stock is owned by corporate insiders.

About Simulations Plus

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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