Value Line raises dividend by nearly 14%, to boost the yield above the S&P 500


Value Line Inc. VALU, -19.19% said Friday it will raise its quarterly dividend by 13.6%, to 25 cents a share from 22 cents. The investment research provider’s new dividend will be payable May 11 to shareholders of record on May 2. Based on current stock prices, the new annual dividend rate implies a dividend yield of 1.66%, which compares with the implied yield for the S&P 500 SPX, -2.77% of 1.47%. Value Line’s stock tumbled 21.0% in afternoon trading, and has now plunged 32.0% since closing at a record $88.80 on Wednesday. It was still up 28.9% year to date, while the S&P 500 has lost 9.6%.

This article was originally published by Read the original article here.

Previous article: Once the Square CEO, Jack Dorsey is now officially ‘Block Head’
Next article: Stocks got clobbered Friday. Here’s why investors should focus on the long game


Please enter your comment!
Please enter your name here