Hennessy Advisors, Inc. (HNNA) To Go Ex-Dividend on August 20th

Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, August 20th will be paid a dividend of 0.15 per share by the asset manager on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, August 20th.

Hennessy Advisors Trading Up 0.7%

HNNA stock opened at $9.92 on Friday. Hennessy Advisors has a 1-year low of $8.90 and a 1-year high of $13.00. The firm has a market cap of $78.37 million, a P/E ratio of 9.54 and a beta of 0.59. The business’s 50 day moving average is $9.99 and its 200-day moving average is $9.98.

Hennessy Advisors (NASDAQ:HNNA) last posted its earnings results on Wednesday, August 5th. The asset manager reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). Hennessy Advisors had a return on equity of 8.35% and a net margin of 24.77%.The company had revenue of $8.39 million for the quarter, compared to the consensus estimate of $9.96 million.

Hennessy Advisors Company Profile

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm’s product lineup includes multiple closed-end funds that invest in U.S.