Hennessy Advisors, Inc. (NASDAQ:HNNA) to Issue $0.08 Quarterly Dividend

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.075 per share by the asset manager on Friday, December 8th. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, November 14th.

Shares of Hennessy Advisors (NASDAQ HNNA) opened at $16.47 on Wednesday. Hennessy Advisors has a 12-month low of $13.88 and a 12-month high of $24.13. The firm has a market capitalization of $127.50, a PE ratio of 8.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82.

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In related news, Director Brian A. Hennessy purchased 3,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average price of $15.44 per share, with a total value of $54,040.00. Following the purchase, the director now directly owns 294,321 shares in the company, valued at $4,544,316.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian A. Hennessy acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average cost of $15.44 per share, for a total transaction of $77,200.00. Following the acquisition, the director now owns 294,321 shares of the company’s stock, valued at approximately $4,544,316.24. The disclosure for this purchase can be found here. 41.85% of the stock is owned by company insiders.

About Hennessy Advisors

Hennessy Advisors, Inc is an investment management company. The Company’s business activity is managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund’s portfolio, including the purchase, retention and disposition of portfolio securities in accordance with the Fund’s investment objectives, policies and restrictions; conducting investment research, and monitoring compliance with each fund’s investment restrictions and applicable laws and regulations.

Dividend History for Hennessy Advisors (NASDAQ:HNNA)

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