NEW YORK, July 16, 2021 (GLOBE NEWSWIRE) — Value Line, Inc., (NASDAQ: VALU) announced today that its Board of Directors declared on July 16, 2021, a quarterly cash dividend of $0.22 per common share, payable on August 11, 2021, to stockholders of record on July 26, 2021.
The Board of Directors also on July 16, 2021 approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an aggregate amount of $2,000,000. The Company, under the previous program, announced in April 2020, has purchased 58,880 shares and expended $1,686,324 of the authorized $2,000,000 initial amount by July 2, 2021. The new repurchase program has no set price limit and no expiration date.
“Based on the Company’s current financial results, we believe that renewal of the repurchase...