Simulations Plus, Inc. (NASDAQ: 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, May 8, 2012, for shareholders of record as of Friday, April 27, 2012.

Walt Woltosz, chairman and chief executive officer of Simulations Plus, said: “As we announced previously, the board of directors decided that an ongoing quarterly cash dividend is appropriate at this time. This next dividend distribution will be our second after the initial distribution in March of this year. As reported in our second quarter conference call on Tuesday, April 10, our cash position is now higher than it was prior to the last dividend distribution, therefore paying the dividend has not prevented us from adding cash to our balance sheet.”