Hennessy Advisors, Inc. Announces Dividend
Rhea-AI Summary
Hennessy Advisors (NASDAQ: HNNA) declared a quarterly dividend of $0.1375 per share, equal to an annualized dividend of $0.55 per share and an implied annual yield of 5.77% based on the closing price of $9.53 on October 28, 2025.
The Board set the payment date as November 26, 2025, with a record date of November 12, 2025. Management said the dividend has been paid consistently since 2005 and that dividends are well covered by earnings and cash flow.
Positive
- Quarterly dividend of $0.1375 per share
- Annualized dividend $0.55 implying 5.77% yield (based on $9.53 close)
- 67th consecutive dividend paid since 2005
- Payment on Nov 26, 2025 to holders of record on Nov 12, 2025
Negative
- None.
News Market Reaction
On the day this news was published, HNNA declined 1.99%, reflecting a mild negative market reaction. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $77M at that time.
Data tracked by StockTitan Argus on the day of publication.
Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc., commented, "We have been consistently paying a dividend to our shareholders since the beginning of 2005 - before the first YouTube video was even uploaded to the internet. Today, we are pleased to announce our 67th dividend payment, which will be made on November 26, 2025, to shareholders of record as of November 12, 2025."
"We stand by the value of our dividend as it allows our shareholders to generate income without selling their shares, preserving their capital investment in the company. We take great pride in our dividend being well covered by earnings and cash flow, which reflects our company's solid financial health," he added.
* Based on the closing stock price of
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 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.
Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations and projections about future events based on currently available information. Forward‑looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‑looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‑looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.
View original content:https://www.prnewswire.com/news-releases/hennessy-advisors-inc-announces-dividend-302598602.html
SOURCE Hennessy Advisors, Inc.
FAQ
What dividend did Hennessy Advisors (HNNA) declare on October 29, 2025?
What is the dividend yield for Hennessy Advisors (HNNA) based on the Oct 28, 2025 close?
When will Hennessy Advisors (HNNA) shareholders receive the November 2025 dividend?
How long has Hennessy Advisors (HNNA) been paying dividends?
Does Hennessy Advisors (HNNA) say the dividend is covered by earnings?
How is the Hennessy Advisors (HNNA) annualized dividend calculated from the announced amount?
