Value Line, Inc. (NASDAQ:VALU) Announces Dividend Increase – $0.20 Per Share

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.

Value Line (NASDAQ:VALU) last released its earnings results on Wednesday, March 13th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $9.05 million for the quarter. Value Line had a return on equity of 22.66% and a net margin of 28.69%.

Separately, BidaskClub downgraded Value Line from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

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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)

Dividend History for Value Line (NASDAQ:VALU)

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