Hennessy Advisors, Inc. (NASDAQ:HNNA) Shareholders to Get $0.15 Quarterly Dividend

Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.15 per share by the asset manager on Wednesday, November 25th. This represents a $0.60 annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, November 10th.

Hennessy Advisors Stock Performance

Shares of NASDAQ:HNNA opened at $10.29 on Thursday. The stock’s 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $10.03. The stock has a market capitalization of $81.25 million, a price-to-earnings ratio of 9.89 and a beta of 0.56. Hennessy Advisors has a 52-week low of $9.20 and a 52-week high of $10.87.

Hennessy Advisors (NASDAQ:HNNA) last released its quarterly 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). The business had revenue of $8.39 million for the quarter, compared to analysts’ expectations of $9.96 million. Hennessy Advisors had a net margin of 24.77% and a return on equity of 8.31%.

Hennessy Advisors Company Profile

Hennessy Advisors, Inc is an investment management company that provides portfolio management, investment advisory and related services. Through its Hennessy Funds business, the company offers a range of investment products designed for individual investors, financial professionals and institutions.

The company’s offerings have included actively managed mutual funds and exchange-traded funds covering equities, fixed income and specialized investment strategies. Its portfolios may focus on areas such as large- and small-capitalization companies, financial services, technology, utilities, international markets and other targeted segments.