NOVATO, Calif., Oct. 31, 2016 /PRNewswire/ -- The Board of
Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today
declared a quarterly dividend of $0.10 per share, which represents a 25% increase
from the firm's previous quarter dividend of $0.08 per share. The dividend will be paid
on December 8, 2016, to shareholders
of record as of November 15,
2016.
"Since 2005, we have consistently paid a dividend to reward our
loyal shareholders," said Neil
Hennessy, President, Chairman and CEO of Hennessy Advisors,
Inc. "We are pleased to share the success of our firm through this
increase in our dividend. We remain committed to executing our
long-term business plan, searching for strategic acquisitions and
growing organically through our sales and marketing programs,"
added Mr. Hennessy.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc.
is a publicly traded investment manager offering a broad range of
domestic equity, balanced and fixed income, and sector and
specialty mutual funds. Hennessy Advisors, Inc. is committed to its
consistent and repeatable investment process, combining time-tested
stock selection strategies with a highly disciplined, team-managed
approach, and to superior service to shareholders.
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.
Available Topic Expert(s): For information on the listed
expert(s), click appropriate link.
Neil J. Hennessy
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=100270
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/hennessy-advisors-inc-increases-dividend-by-25-300354171.html
SOURCE Hennessy Advisors, Inc.