NOVATO, Calif., Oct. 30, 2018 /PRNewswire/ -- The Board of
Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today declared
a quarterly dividend of $0.11 per
share (annualized at $0.44), which
represents a 10% increase from the firm's previous quarterly
dividend of $0.10 per share.
The dividend will be paid on December 5, 2018, to
shareholders of record as of November
13, 2018.
"Since 2005, our consistent dividend program has remained a
cornerstone of the value we want to provide our shareholders, and
we are pleased to increase our dividend for the 13th
time," said Neil Hennessy, Chairman
and CEO of Hennessy Advisors, Inc. "But above all, we
continue to be committed to our fundamental business strategy of
seeking accretive acquisitions and growing organically," 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 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.
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SOURCE Hennessy Advisors, Inc.