Value Line, Inc. (NASDAQ:VALU) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Monday, April 29th will be paid a dividend of 0.20 per share by the financial services provider on Friday, May 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Value Line’s previous quarterly dividend of $0.19.
Value Line has increased its dividend payment by an average of 6.6% per year over the last three years and has raised its dividend annually for the last 4 consecutive years.
VALU opened at $22.80 on Friday. Value Line has a 1-year low of $17.12 and a 1-year high of $30.64. The firm has a market capitalization of $220.48 million, a P/E ratio of 20.20 and a beta of 0.33.
Separately, BidaskClub downgraded Value Line from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.
About Value Line
Value Line, Inc, together with its subsidiaries, produces and sells investment periodicals and related publications primarily in the United States. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), options, and convertible securities.
See Also: P/E Growth (PEG)
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