Value Line, Inc. announced that quarterly dividend during the year rose by 12% or $0.03 per share quarterly to a rate of $1.12 per year. This was the ninth consecutive annual increase in the dividend. And as a company, we're proud of that.

Meanwhile, the company earned net income of $18.069 million or $1.91 per share for fiscal 2023. Notably, income from operations of $11.47 million was up 6.2% from last year and reached the highest level in more than a decade. Retained earnings, the earnings of the company that have kept for the needs of the business beyond the dividends paid, rose again, they were up by more than $8.3 million or 9.5% compared to a year earlier.