Hennessy Advisors, Inc. (NASDAQ:HNNA) to Issue Quarterly Dividend of $0.15

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 20th will be paid a dividend of 0.15 per share by the asset manager on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, August 20th.

Hennessy Advisors Stock Up 0.9%

HNNA opened at $9.85 on Thursday. The firm has a market cap of $77.81 million, a price-to-earnings ratio of 9.38 and a beta of 0.59. Hennessy Advisors has a fifty-two week low of $8.90 and a fifty-two week high of $13.00. The company’s 50-day moving average price is $9.99 and its 200 day moving average price is $9.98.

Hennessy Advisors (NASDAQ:HNNA) last issued its earnings results on Wednesday, August 5th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). Hennessy Advisors had a return on equity of 8.53% and a net margin of 25.40%.The business had revenue of $8.39 million during the quarter, compared to the consensus estimate of $9.96 million.

About Hennessy Advisors

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm’s product lineup includes multiple closed-end funds that invest in U.S.