Hennessy Advisors, Inc. (NASDAQ:HNNA) Declares Quarterly Dividend of $0.15

Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.15 per share by the asset manager on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, May 21st.

Hennessy Advisors Stock Performance

Shares of NASDAQ HNNA opened at $9.91 on Thursday. The company has a market capitalization of $78.19 million, a P/E ratio of 8.69 and a beta of 0.59. Hennessy Advisors has a 52-week low of $8.90 and a 52-week high of $13.19. The company’s 50 day moving average price is $9.82 and its 200-day moving average price is $9.88.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The firm had revenue of $8.13 million during the quarter, compared to analyst estimates of $9.61 million. Hennessy Advisors had a return on equity of 9.33% and a net margin of 26.52%.

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.