Hennessy Advisors, Inc. Announces Dividend

Rhea-AI Summary

The Board of Directors of Hennessy Advisors (NASDAQ: HNNA) declared a quarterly dividend of $0.1375 per share, to be paid on November 23, 2021. Shareholders of record as of November 11, 2021 will receive this payment, marking the 17th consecutive year of dividend payments. The annualized dividend equates to $0.55, resulting in a yield of 4.8% based on the closing price of $11.49 on October 28, 2021. This reflects the company's financial strength and commitment to its shareholders.

Positive

• Declared quarterly dividend of $0.1375 per share.
• Annualized dividend of $0.55, equating to a 4.8% yield.
• 17th consecutive year of dividend payments.

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• None.

NOVATO, Calif., Oct. 29, 2021 /PRNewswire/ -- The Board of Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today declared a quarterly dividend of $0.1375 per share, which will be paid on November 23, 2021, to shareholders of record as of November 11, 2021. This quarterly dividend equates to an annualized dividend of $0.55, bringing the yield to 4.8% based on a closing stock price of $11.49 on October 28, 2021.

"Our dependable dividend program is a testament to our financial strength," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "The payment of this dividend in November will mark the 17^th consecutive year that Hennessy Advisors has paid dividends to its shareholders," he added.

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.

 

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SOURCE Hennessy Advisors, Inc.

FAQ

What is the dividend amount declared by HNNA?

The Board of Directors declared a dividend of $0.1375 per share.

When will HNNA's dividend be paid?

The dividend will be paid on November 23, 2021.

What is the dividend yield for HNNA based on current stock price?

The dividend yield is 4.8% based on a closing stock price of $11.49.

How long has HNNA been paying dividends?

Hennessy Advisors has paid dividends for 17 consecutive years.

What is the record date for HNNA's dividend?

The record date for the dividend is November 11, 2021.