Value Line, Inc. (NASDAQ:VALU) Plans Dividend Increase – $0.30 Per Share

Value Line, Inc. (NASDAQ:VALU) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Investors of record on Monday, April 29th will be given a dividend of 0.30 per share by the financial services provider on Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, April 26th. This is a boost from Value Line’s previous quarterly dividend of $0.28.

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

Value Line Trading Up 2.1 %

NASDAQ VALU opened at $38.23 on Thursday. The firm has a market capitalization of $360.51 million, a P/E ratio of 19.71 and a beta of 0.76. The business has a fifty day simple moving average of $40.21 and a 200 day simple moving average of $42.28. Value Line has a 12 month low of $32.07 and a 12 month high of $62.09.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Value Line in a research report on Thursday. They set a “hold” rating for the company.

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.