Simulations Plus, Inc. (NASDAQ: SLP) said its board of directors has decided to distribute a USD0.05 per share cash dividend in February.
In February 2012, the board declared a planned ongoing dividend of USD0.05 per share per quarter and dividends were distributed on March 1, May 8, August 10, and November 13, 2012. In December 2012, the company declared an accelerated dividend distribution of USD0.14 per share, consisting of the planned USD0.05 per share dividend for February 2013 plus an additional USD0.03 per share for the expected May, August, and November 2013 distributions.
The board subsequently increased the May and August 2013 distributions by 50%, from the planned USD0.02 to USD0.03 per share, and dividends were distributed on May 10, and August 15, 2013. In October 2013, the board increased the quarterly dividend to USD0.04, which was paid on November 15, 2013. The board has now returned to the originally planned February distribution of USD0.05 per share. This cash dividend will be distributed on Monday, February 24, 2014, for shareholders of record as of Monday, February 17, 2014.
Simulations Plus is a developer of groundbreaking drug discovery and development simulation and modeling software which is licensed to and used in the conduct of drug research by major pharmaceutical, biotechnology, agrochemical, and food industry companies worldwide. Its website is at www.simulations-plus.com.