VALUE LINE INC
For the period ended Apr 30, 2024. Filed Jul 26, 2024.
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FY2024 · Filed Jul 26, 2024
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Item 4. MINE SAFETY DISCLOSURES
Not applicable.
Part II
The Registrant's Common Stock is traded on NASDAQ under the symbol “VALU”. The approximate number of record holders of the Registrant's Common Stock at April 30, 2024 was 31. As of April 30, 2024, the closing stock price was $36.20.
The reported high and low prices and the dividends declared on these shares during the past two fiscal years were as follows:
| Quarter Ended | High | Low | Regular Dividend Declared Per Share |
|---|---|---|---|
| April 30, 2024 | $49.00 | $36.00 | $0.30 |
| January 31, 2024 | $58.45 | $39.63 | $0.28 |
| October 31, 2023 | $60.27 | $32.07 | $0.28 |
| July 31, 2023 | $62.09 | $43.10 | $0.28 |
| April 30, 2023 | $53.77 | $45.00 | $0.28 |
| January 31, 2023 | $69.85 | $42.02 | $0.25 |
| October 31, 2022 | $118.40 | $42.52 | $0.25 |
| July 31, 2022 | $92.00 | $52.55 | $0.25 |
On July 19, 2024, the Board of Directors of Value Line declared a quarterly dividend of $0.30 per share to shareholders of record as of July 29, 2024 to be paid on August 12, 2024.
There are no securities of the Company authorized for issuance under equity compensation plans. The Company did not sell any unregistered shares of common stock during the fiscal year ended April 30, 2024.
Purchases of Equity Securities by the Company
The following table provides information with respect to all repurchases of common stock made by or on behalf of the Company during the fiscal quarter ended April 30, 2024. All purchases listed below were made in the open market at prevailing market prices.
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||
|---|---|---|---|---|
| Period | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1) |
| February 1, 2024 through February 29, 2024 | 2,000 | $43.11 | 2,000 | $1,310,000 |
| March 1, 2024 through March 31, 2024 | 500 | 40.04 | 500 | 1,290,000 |
| April 1, 2024 through April 30, 2024 | 2,000 | 39.21 | 2,000 | 1,211,000 |
| Total | 4,500 | $41.03 | 4,500 | $1,211,000 |
On October 21, 2022, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of $3,000,000. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date.
During fiscal 2024, the Company repurchased an aggregate 12,057 shares of the Company's common stock for $523,000 at an average price of $43.38 per share including a repurchase of an aggregate 35,722 shares of the Company's common stock for $1,789,000 at an average price of $50.07 per share under the repurchase program authorized on October 21, 2022.
During fiscal 2023, the Company repurchased an aggregate 75,303 shares of the Company's common stock for $4,704,000 at an average price of $62.47 per share including a repurchase of an aggregate 23,665 shares of the Company's common stock for $1,266,000 at an average price of $53.50 per share under the repurchase program authorized on October 21, 2022.
Arnold Bernhard and Co., Inc. may purchase additional shares of common stock of the Company from time to time.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.