Value Line (VALU) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2020. This follows a 5.3 percent dividend hike by the investment research company last year and marks 6 consecutive years of dividend increases.

The increased dividend will be payable on May 11, 2020, to stockholders of record on April 27, 2020. A new annualized dividend rate of 84 cents per share yields 2.5% at a stock price of $33.90.

"Based on the Company’s current operating results, we believe that Value Line’s earnings warrant an  increase in our dividend, and that renewal of the repurchase program is also in the best interests of our shareholders," said Howard A. Brecher, the Company's Chairman and Chief Executive Officer in the company's press release today announcing this dividend hike.

Value Line, Inc. is a New York based provider of investment research. Value Line, Inc. The company publishes investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties for use in third-party managed and marketed investment products and for other purposes. Value Line, Inc., a New York Corporation, was organized in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Company, Inc.