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Stock impact report

Value Line, Inc. Announces 5% Dividend Increase and Renews Stock Repurchase Program

Value Line, Inc. (VALU) 
US:NASDAQ Investor Relations: valueline.com/about/investorrelation.aspx
Company Research Source: GlobeNewswire
NEW YORK, April 17, 2020 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) announced today that its Board of Directors declared a 5% dividend increase over the current quarterly dividend level, its sixth consecutive annual increase.  The Board’s action on April 17, 2020 declared a quarterly cash dividend of $0.21 per common share, or $0.84 annualized, payable on May 11, 2020, to stockholders of record on April 27, 2020.  The Board of Directors also on April 17, 2020 approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an aggregate amount of $2,000,000.  The Company, under the previous program, announced in 2018, has purchased 72,613 shares and expended $1,775,673 of the authorized $2,000,000 initial amount.  The new repurchase program has no set price limit and no expiration date. "Based on the Company’s current operating results, we believe that Value Line’s earnings warrant an  increase i Show less Read more
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