NOVATO,
Calif., Oct. 27, 2022 /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 30,
2022, to shareholders of record as of November 15, 2022, which represents an annualized
dividend yield of 6.25%.*
"We have paid our dividend without interruption for 18
consecutive years. Commitment to our dividend is one of our
fundamental principles, and a hallmark of our financial stability,"
said Neil Hennessy, Chairman and CEO
of Hennessy Advisors, Inc.
* Based on the closing stock price of $8.80 on October 26,
2022, 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 mutual 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.