Value Line, Inc., (NASDAQ:VALU)
announced today that its Board of Directors declared on January 16, 2014
a quarterly cash dividend of $0.15 per share of common stock, payable on
February 7, 2014, to stockholders of record on January 28, 2014. The
Company has 9,824,781 shares of common stock outstanding as of January
16, 2014.
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 Dividend Select, 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 adviser 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, 1-800-535-9648 or 1-800-535-9651, while
institutional-level services for professional investors, advisers,
corporate, academic, municipal and legal libraries are offered at www.ValueLinePro.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:
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dependence on key personnel;
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maintaining revenue from subscriptions for the Company’s digital and
print published products;
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protection of intellectual property rights;
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changes in market and economic conditions, including global financial
issues;
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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;
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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;
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competition in the fields of publishing, copyright data and investment
management;
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the impact of government regulation on the Company’s and EAM’s
businesses;
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availability of free or low cost investment data through discount
brokers or generally over the internet;
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terrorist attacks, cyber security attacks and natural disasters;
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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, 2013 and in Part II, Item 1A of
the Quarterly Report on Form 10-Q for the period ended October 31,
2013; and
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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.
Copyright Business Wire 2014