Value Line (VALU) Raises Qtr. Dividend 6.7% to $0.16; Reaffirms Common Stock Buyback Program

July 16, 2015 5:51 PM EDT

Value Line (NASDAQ: VALU) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. This is a 6.7% increase from the prior dividend of $0.15.

The dividend will be payable on August 11, 2015, to stockholders of record on July 27, 2015, with an ex-dividend date of July 23, 2015.

The annual yield on the dividend is 5.8 percent.

The Board of Directors also reaffirmed the Stock Repurchase Program of up to an aggregate of $3 million of Value Line, Inc.’s common stock adopted on September 19, 2012, with $2.033 million remaining under the program.

"Based on current market prices, we believe that the repurchase program is in the best interests of our shareholders," said Howard A. Brecher, the Company's Chairman and Chief Executive Officer. The repurchases will continue to be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date

For a dividend history and other dividend-related data on Value Line (VALU) click here.

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