Hennessy Advisors Inc (NASDAQ:HNNA) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be paid a dividend of 0.11 per share by the asset manager on Tuesday, June 11th. This represents a $0.44 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, May 17th.

Hennessy Advisors has raised its dividend payment by an average of 36.8% annually over the last three years and has increased its dividend annually for the last 4 consecutive years.

Shares of HNNA stock opened at $9.62 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.50 and a quick ratio of 3.50. Hennessy Advisors has a 12-month low of $9.00 and a 12-month high of $19.49. The stock has a market cap of $78.73 million, a price-to-earnings ratio of 5.37 and a beta of 0.88.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings results on Tuesday, May 7th. The asset manager reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.20). Hennessy Advisors had a return on equity of 19.15% and a net margin of 28.32%. The firm had revenue of $10.46 million for the quarter.

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Hennessy Advisors Company Profile

Hennessy Advisors, Inc is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies.

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Dividend History for Hennessy Advisors (NASDAQ:HNNA)

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