NOVATO, Calif., Oct. 26, 2023 /PRNewswire/ -- The Board of
Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today
declared a quarterly dividend of $0.1375 per share to be paid on November 27, 2023, to shareholders of record as
of November 13, 2023, which
represents an annualized dividend yield of 8.47%.*
"As we enter our 19th consecutive year paying a
dividend, we want to highlight that the program remains a focus for
our Company. The dividend payment is covered by earnings and cash
flow, and reaffirms our commitment to our shareholders," said
Neil Hennessy, Chairman and CEO of
Hennessy Advisors, Inc.
* Based on the closing stock price of $6.49 on October 25,
2023, and an annualized dividend of $0.55 per share.
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.
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SOURCE Hennessy Advisors, Inc.