Value Line, Inc. (NASDAQ:VALU) to Issue Quarterly Dividend of $0.30

Value Line, Inc. (NASDAQ:VALU) declared a quarterly dividend on Monday, April 22nd, 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 dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase 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 1.6 %

Shares of VALU traded up $0.61 during trading hours on Monday, reaching $37.98. 558 shares of the stock traded hands, compared to its average volume of 2,399. The stock has a fifty day simple moving average of $40.40 and a 200 day simple moving average of $42.35. Value Line has a 52 week low of $32.07 and a 52 week high of $62.09. The company has a market cap of $358.15 million, a price-to-earnings ratio of 19.26 and a beta of 0.76.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Friday, March 15th. The financial services provider reported $0.62 EPS for the quarter. The business 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%.

Analysts Set New Price Targets

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

Value Line Company Profile

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.