VALUE LINE, INC. DECLARES A QUARTERLY CASH DIVIDEND OF $0.20 PER COMMON SHARE
January 17 2020 - 3:30PM
Value Line, Inc., (NASDAQ: VALU) announced today that its Board of
Directors declared on January 17, 2020 a quarterly cash dividend of
$0.20 per common share, payable on February 11, 2020, to
stockholders of record on January 27, 2020. The Company has
9,639,545 shares of common stock outstanding as of January 17,
2020.
Value Line, Inc. is a leading New York based
provider of investment research. The Value Line Investment
Survey is one of the most widely used sources of
independent equity investment research. Value Line also publishes a
range of proprietary investment research in both print and digital
formats including research in the areas of Mutual Funds, ETFs and
Options. Value Line’s acclaimed research also enables the Company
to provide specialized products such as Value Line Select,
Value Line Special Situations, Value Line Select: Dividend Income
& Growth, Value Line Select: ETFs, and certain
Value Line copyrights, distributed under
agreements including certain proprietary ranking system information
and other proprietary information used in third party products.
Investment Advisory services are provided through its substantial
non-voting interests in EULAV Asset Management, the investment
advisor to The Value Line Family of Mutual Funds. Value Line’s
products are available to individual investors by mail, at
www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354,
while institutional-level services for professional investors,
advisers, corporate, academic, and municipal libraries are offered
at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling
1-800-531-1425.
Cautionary Statement Regarding
Forward-Looking Information
This report contains statements that are
predictive in nature, depend upon or refer to future events or
conditions (including certain projections and business trends)
accompanied by such phrases as “believe”, “estimate”, “expect”,
“anticipate”, “will”, “intend” and other similar or negative
expressions, that are “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995, as
amended. Actual results for Value Line, Inc. (“Value Line” or
“the Company”) may differ materially from those projected as a
result of certain risks and uncertainties, including but not
limited to the following:
- maintaining revenue from subscriptions for the Company’s
digital and print published products;
- changes in market and economic conditions, including global
financial issues;
- protecting intellectual property rights;
- dependence on non-voting revenues and non-voting profits
interests in EULAV Asset Management, a Delaware statutory trust
(“EAM” or “EAM Trust”), which serves as the investment advisor to
the Value Line Funds and engages in related distribution, marketing
and administrative services;
- fluctuations in EAM’s and third party copyright assets under
management due to broadly based changes in the values of equity and
debt securities, redemptions by investors and other factors;
- possible changes in the valuation of EAM’s intangible assets
from time to time;
- generating future revenues or collection of receivables from
significant customers;
- dependence on key personnel;
- competition in the fields of publishing, copyright and
investment management, along with associated effects on the level
and structure of prices and fees, and the mix of services
delivered;
- the impact of government regulation on the Company’s and EAM’s
businesses;
- availability of free or low cost investment data through
discount brokers or generally over the internet;
- terrorist attacks, cyber attacks and natural disasters;
- changes in prices of materials and other inputs required by the
Company;
- other risks and uncertainties, including but not limited to the
risks described in Item 1A, “Risk Factors” of the Company’s Annual
Report on Form 10-K for the year ended April 30, 2019 and in Part
II, Item 1A of this Quarterly Report on Form 10-Q for the period
ended October 31, 2019; and other risks and uncertainties arising
from time to time.
These
factors are not necessarily all of the important factors that could
cause actual results to differ materially from those expressed in
any of our forward-looking statements. Other unknown or
unpredictable factors which may involve external factors over which
we may have no control or changes in our plans, strategies,
objectives, expectations or intentions, which may happen at any
time at our discretion, could also have material adverse effects on
future results. Except as otherwise required to be disclosed in
periodic reports required to be filed by public companies with the
SEC pursuant to the SEC's rules, we have no duty to update these
statements, and we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. In light of these risks
and uncertainties, current plans, anticipated actions, and future
financial conditions and results may differ from those expressed in
any forward-looking information contained herein.
www.valueline.comwww.ValueLinePro.com,
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Contact: Howard A. Brecher
Value Line, Inc.
212-907-1500
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