Simulations Plus, Inc. (SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today announced that its board of directors has declared its next ongoing quarterly cash dividend of $0.05 per share to its shareholders will be distributed on Tuesday, November 13, 2012, for shareholders of record as of Thursday, November 8, 2012.
Walt Woltosz, chairman and chief executive officer of Simulations Plus, said: “Our board of directors has approved the next quarterly cash dividend of $0.05 per share. This next dividend distribution will be our fourth beginning with the initial distribution in March of this year. Our cash position remains strong at over $13 million as of today, even after paying out nearly $2.4 million in dividends in the three previous distributions. This dividend, like the other three, will amount to a distribution of just under $800,000. Please note that the board of directors may elect to continue or discontinue these dividends at any time in response to other opportunities to invest cash or for any other reason.”