Hennessy Advisors Inc (HNNA) Raises Dividend to $0.11 Per Share

Hennessy Advisors Inc (NASDAQ:HNNA) announced a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Investors of record on Tuesday, November 13th will be paid a dividend of 0.11 per share by the asset manager on Wednesday, December 5th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, November 9th. This is a positive change from Hennessy Advisors’s previous quarterly dividend of $0.10.

Hennessy Advisors has increased its dividend by an average of 46.9% per year over the last three years and has raised its dividend every year for the last 3 years.

NASDAQ HNNA opened at $12.81 on Friday. Hennessy Advisors has a 1 year low of $11.36 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $100.03 million, a price-to-earnings ratio of 6.22 and a beta of 0.58.

Hennessy Advisors (NASDAQ:HNNA) last posted its earnings results on Wednesday, August 1st. The asset manager reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). Hennessy Advisors had a return on equity of 26.84% and a net margin of 37.19%. The firm had revenue of $13.57 million during the quarter.

About Hennessy Advisors

Hennessy Advisors, Inc is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies.

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Dividend History for Hennessy Advisors (NASDAQ:HNNA)

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