Value Line, Inc. Announces a 5.56% Increase in Its Quarterly Cash Dividend to $0.19 Per Common Share
April 20 2018 - 3:07PM
Contact: Howard A. Brecher
Value Line,
Inc. (212) 907-1500
www.valueline.comwww.ValueLinePro.com,
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Value Line, Inc., (NASDAQ: VALU) announced that its Board of
Directors declared on April 20, 2018 a quarterly cash dividend of
$0.19 per common share, payable on May 10, 2018, to stockholders of
record on April 30, 2018. The Company has 9,691,620 shares of
common stock outstanding as of April 20, 2018.
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, Options and Convertible securities. 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 copyright data, distributed
under copyright agreements for fees, including certain proprietary
ranking system information and other proprietary information used
in third party products. Investment Management services are
provided through its substantial non-controlling and 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
through 1-800-VALUELINE or 1-800-535-9648, while
institutional-level services for professional investors, advisers,
corporate, academic, municipal and legal libraries are offered at
www.ValueLinePro.com, www.ValueLineLibrary.com and at
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;
- protection of 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 assets under management due to broadly
based changes in the values of equity and debt securities,
redemptions by investors and other factors, and the effect these
changes may have on the valuation of EAM’s intangible assets;
- generating future revenues or collection of receivables from
significant customers;
- dependence on key personnel;
- competition in the fields of publishing, copyright data and
investment management;
- 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;
- 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, 2017 and in Part
II, Item 1A of this Quarterly Report on Form 10-Q for the period
ended January 31, 2018; 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.
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