Hennessy Advisors, Inc. (NASDAQ:HNNA) to Issue Quarterly Dividend of $0.14

Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Wednesday, May 22nd will be paid a dividend of 0.138 per share by the asset manager on Wednesday, June 5th. This represents a $0.55 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Tuesday, May 21st.

Hennessy Advisors Stock Up 2.0 %

Shares of HNNA traded up $0.14 during midday trading on Friday, reaching $6.90. 8,463 shares of the stock were exchanged, compared to its average volume of 5,834. The company has a market capitalization of $52.96 million, a P/E ratio of 11.25 and a beta of 0.78. The company has a current ratio of 22.62, a quick ratio of 22.62 and a debt-to-equity ratio of 0.45. Hennessy Advisors has a 52 week low of $6.33 and a 52 week high of $7.68. The company's 50 day moving average is $6.83 and its two-hundred day moving average is $6.76.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.16 earnings per share for the quarter. The company had revenue of $6.14 million during the quarter. Hennessy Advisors had a net margin of 20.20% and a return on equity of 5.54%.

Hennessy Advisors Company Profile

Hennessy Advisors, Inc is an employee 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.