NOVATO, Calif., Oct. 30, 2019 /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 December 3, 2019, to
shareholders of record as of November
12, 2019. This quarterly dividend equates to an
annualized dividend of $0.55,
bringing the yield to 4.9% based on a closing stock price of
$11.18 on October 29, 2019.
"The company has paid a dividend since 2005, and the dividend
program remains a core element of our business strategy," said
Neil Hennessy, Chairman and CEO of
Hennessy Advisors, Inc. "A consistent stream of dividends is an
important way in which we reward our shareholders, and we believe
that the strong, current dividend yield supports the value of our
stock," 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.
View original
content:http://www.prnewswire.com/news-releases/hennessy-advisors-inc-announces-dividend-300948246.html
SOURCE Hennessy Advisors, Inc.