Hennessy Advisors Inc (HNNA) Announces Quarterly Dividend of $0.10

Hennessy Advisors Inc (NASDAQ:HNNA) announced a quarterly dividend on Thursday, August 2nd, Wall Street Journal reports. Shareholders of record on Thursday, August 16th will be given a dividend of 0.10 per share by the asset manager on Monday, September 10th. This represents a $0.40 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 15th.

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

Hennessy Advisors opened at $15.28 on Friday, according to Marketbeat. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $119.00 million, a price-to-earnings ratio of 7.40 and a beta of 0.54. Hennessy Advisors has a 52-week low of $14.29 and a 52-week high of $20.00.

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

Hennessy Advisors Company Profile

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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