Hennessy Advisors, Inc. (NASDAQ:HNNA) Raises Dividend to $0.15 Per Share

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.15 per share by the asset manager on Wednesday, March 4th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, February 18th. This is a 9.1% increase from Hennessy Advisors’s previous quarterly dividend of $0.14.

Hennessy Advisors Stock Performance

NASDAQ HNNA opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 12.73 and a quick ratio of 12.72. Hennessy Advisors has a 1-year low of $8.43 and a 1-year high of $13.19. The business has a 50 day simple moving average of $9.93 and a two-hundred day simple moving average of $10.56. The stock has a market capitalization of $77.65 million, a PE ratio of 7.86 and a beta of 0.64.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $0.24 EPS for the quarter. Hennessy Advisors had a net margin of 28.03% and a return on equity of 10.40%. The business had revenue of $8.32 million during the quarter.

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.