Value Line, Inc. (NASDAQ:VALU) Raises Dividend to $0.30 Per Share

Value Line, Inc. (NASDAQ:VALU) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.30 per share by the financial services provider on Friday, May 10th. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Value Line’s previous quarterly dividend of $0.28.

Value Line has decreased its dividend by an average of 66.4% annually over the last three years and has increased its dividend every year for the last 1 years.

Value Line Stock Down 1.4 %

Shares of VALU stock opened at $37.45 on Wednesday. The stock has a market cap of $353.15 million, a P/E ratio of 19.30 and a beta of 0.76. Value Line has a 52 week low of $32.07 and a 52 week high of $62.09. The company’s fifty day simple moving average is $40.21 and its two-hundred day simple moving average is $42.28.

Value Line (NASDAQ:VALU) last announced its earnings results on Friday, March 15th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $9.13 million for the quarter. Value Line had a net margin of 47.81% and a return on equity of 21.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Value Line in a research report on Wednesday, April 17th. They set a “hold” rating on the stock.

About Value Line

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.