VALU News & Events

Value Line announced that its board of directors approved a share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an aggregate amount of $2M. The new purchase program, which replaces the October 2022 program, has no set price limit and no expiration date.

Value Line announced that its Board of Directors has just raised its quarterly dividend, which will be 32.5c per common share, or $1.30 annualized. The new higher cash dividend is payable on May 12 to stockholders of record on April 28. The increase of 8.3% is the 11th consecutive yearly increase in Value Line's dividend.

The company said, "During the three months ended July 31, 2024, the Company's net income of $5,887,000, or $0.62 per share, was 21.2% above net income of $4,859,000, or $0.52 per share, for the three months ended July 31, 2023. The Company's revenues of $4,241,000 from its non-voting revenues interest in EAM and non-voting profits interest in EAM increased $1,384,000 or 48.4% above the prior fiscal year. During the three months ended July 31, 2024, the Company's total investment gains of $1,709,000 increased $954,000 or 126.4% above the prior fiscal year. Retained earnings at July 31, 2024, were $107,311,000, an increase of 2.9% compared to retained earnings at April 30, 2024. Shareholders' equity reached $93,853,000 at July 31, 2024, an increase of 3.4% from the shareholders' equity of $90,793,000 as of April 30, 2024."