Value Line Announces Increase Quarterly Cash Dividend From $0.28 To $0.30 Per Common Share
Portfolio Pulse from Benzinga Newsdesk
Value Line, Inc. (NASDAQ: VALU) has increased its quarterly cash dividend from $0.28 to $0.30 per common share, marking the tenth consecutive year of dividend increases. The new dividend will be payable on May 10, 2024, to shareholders of record as of April 29, 2024. This adjustment elevates the annual dividend to $1.20 per share, with 9,422,983 shares of common stock outstanding as of April 19, 2024.
April 19, 2024 | 7:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Value Line, Inc. has raised its quarterly dividend to $0.30 per share, marking a consistent decade of dividend growth. The annual dividend now totals $1.20 per share.
Dividend increases are often viewed positively by the market as they signal confidence in the company's financial health and future prospects. For Value Line, this consistent increase over a decade reinforces its stability and commitment to returning value to shareholders. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100