Hennessy Advisors, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:HNNA)

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Wednesday, May 22nd will be paid a dividend of 0.138 per share by the asset manager on Wednesday, June 5th. This represents a $0.55 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Tuesday, May 21st.

Hennessy Advisors Stock Performance

Shares of HNNA stock traded up $0.32 during trading hours on Friday, hitting $7.08. The company’s stock had a trading volume of 5,541 shares, compared to its average volume of 5,800. The stock has a market cap of $54.34 million, a PE ratio of 10.73 and a beta of 0.78. The company has a 50 day moving average of $6.83 and a 200 day moving average of $6.76. Hennessy Advisors has a 12-month low of $6.33 and a 12-month high of $7.68. The company has a current ratio of 22.62, a quick ratio of 22.62 and a debt-to-equity ratio of 0.45.

Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.16 earnings per share for the quarter. Hennessy Advisors had a return on equity of 5.54% and a net margin of 20.20%. The company had revenue of $6.14 million during the quarter.

About Hennessy Advisors

Hennessy Advisors, Inc is an employee 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.