Hennessy Advisors, Inc. Announces Dividend
Hennessy Advisors (NASDAQ: HNNA) declared a quarterly dividend of $0.1375 per share, payable on November 30, 2022, to shareholders of record by November 15, 2022, representing an annual yield of 6.25%. The company has maintained uninterrupted dividend payments for 18 years, demonstrating their commitment to financial stability. The annualized dividend totals $0.55 per share, based on a closing stock price of $8.80 on October 26, 2022.
- Quarterly dividend of $0.1375 per share, demonstrating strong cash flow management.
- 18 consecutive years of uninterrupted dividend payments, indicating financial stability and shareholder confidence.
- None.
NOVATO, Calif., Oct. 27, 2022 /PRNewswire/ -- The Board of Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today declared a quarterly dividend of
"We have paid our dividend without interruption for 18 consecutive years. Commitment to our dividend is one of our fundamental principles, and a hallmark of our financial stability," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc.
* Based on the closing stock price of
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty mutual funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing.
Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations and projections about future events based on currently available information. Forward‑looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‑looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‑looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.
View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-announces-dividend-301661764.html
SOURCE Hennessy Advisors, Inc.
FAQ
What is Hennessy Advisors' dividend amount for November 2022?
When is the dividend payment date for Hennessy Advisors?
What is the annualized dividend yield for Hennessy Advisors based on the recent announcement?
How long has Hennessy Advisors been paying dividends?
