Simulations Plus Has Determined To Discontinue Its Quarterly Cash Dividend And Reallocate These Funds To Its Capital Allocation Strategy For Investing In Growth Initiatives
Portfolio Pulse from Benzinga Newsdesk
Simulations Plus has decided to discontinue its quarterly cash dividend and reallocate these funds to growth initiatives aimed at generating long-term shareholder value. The final dividend of $0.06 per share will be paid on August 5, 2024, to shareholders of record as of July 29, 2024.
July 02, 2024 | 8:10 pm
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Simulations Plus has decided to discontinue its quarterly cash dividend and reallocate these funds to growth initiatives. The final dividend of $0.06 per share will be paid on August 5, 2024.
The discontinuation of the dividend may initially be viewed negatively by income-focused investors, but the reallocation towards growth initiatives could be seen positively by growth-focused investors. The net short-term impact is likely neutral as the market digests the news.
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