HENNESSY ADVISORS


Associated tags: Financial services, Security (finance), Sale, Knowledge

Locations: CALIFORNIA, JAPAN

Hennessy Advisors, Inc. Reports 7% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend

Retrieved on: 
Thursday, February 8, 2024

The firm also announced a quarterly dividend of $0.1375 per share to be paid on March 4, 2024, to shareholders of record as of February 20, 2024, which represents an annualized dividend yield of 8.3%.

Key Points: 
  • The firm also announced a quarterly dividend of $0.1375 per share to be paid on March 4, 2024, to shareholders of record as of February 20, 2024, which represents an annualized dividend yield of 8.3%.
  • The backdrop of a strong market helped every one of our 17 Hennessy Funds produce positive returns for calendar year 2023.
  • All 16 of our funds over ten years old had positive returns for both the five- and ten-year periods ended December 31, 2023," said Neil Hennessy.
  • "I'm also pleased to share the following three mentions of our Funds' performances in industry journals from the first two weeks of January 2024."

Hennessy Advisors, Inc. Reports Annual Earnings

Retrieved on: 
Wednesday, December 6, 2023

NOVATO, Calif., Dec. 6, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today reported results for the fiscal year ended September 30, 2023.

Key Points: 
  • NOVATO, Calif., Dec. 6, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today reported results for the fiscal year ended September 30, 2023.
  • "Below are a few highlights of the accolades our funds' stellar long-term performance garnered in recent months."
  • The Hennessy Cornerstone Mid Cap 30 Fund is named in the article.
  • Fully diluted earnings per share of $0.63, a decrease of 23%.

Hennessy Advisors, Inc. Acquires the CCM Small/Mid-Cap Impact Value Fund

Retrieved on: 
Friday, November 10, 2023

NOVATO, Calif., Nov. 10, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA) today announced that it has completed the acquisition of assets related to the management of the CCM Small/Mid-Cap Impact Value Fund.

Key Points: 
  • NOVATO, Calif., Nov. 10, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA) today announced that it has completed the acquisition of assets related to the management of the CCM Small/Mid-Cap Impact Value Fund.
  • As a result, the CCM Small/Mid-Cap Impact Value Fund will be reorganized into an existing exchange-traded fund ("ETF") managed by Hennessy Advisors, Inc.
  • The Special Meeting of shareholders of the CCM Core Impact Equity Fund (approximately $53 million in assets) has been adjourned to November 21, 2023.
  • Pending shareholder approval, the CCM Core Impact Equity Fund will also be reorganized into the Hennessy Stance ESG ETF.

Hennessy Advisors, Inc. Reports Earnings and Announces Dividend

Retrieved on: 
Wednesday, August 2, 2023

NOVATO, Calif., Aug. 2, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq:HNNA) reported results for its third fiscal quarter of 2023, which ended June 30, 2023.

Key Points: 
  • NOVATO, Calif., Aug. 2, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq:HNNA) reported results for its third fiscal quarter of 2023, which ended June 30, 2023.
  • The firm also announced a quarterly dividend of $0.1375 per share to be paid on September 6, 2023, to shareholders of record as of August 23, 2023, which represents an annualized dividend yield of 7.8%.
  • The Hennessy Cornerstone Mid Cap 30 was ranked 6th with 12-month performance through June 30, 2023, of 35.1%.
  • Pending shareholder approval of the transaction, the CCM Equity Fund assets will be reorganized into the Hennessy Stance ESG ETF."

Hennessy Funds Appoints a New Independent Trustee

Retrieved on: 
Wednesday, June 7, 2023

NOVATO, Calif., June 7, 2023 /PRNewswire/ -- Hennessy Funds Trust today announced that Doug Franklin has been named to its Board of Trustees for the Hennessy Funds.

Key Points: 
  • NOVATO, Calif., June 7, 2023 /PRNewswire/ -- Hennessy Funds Trust today announced that Doug Franklin has been named to its Board of Trustees for the Hennessy Funds.
  • "Adding Doug as a trustee of Hennessy Funds Trust is a logical next step given his years of guidance from his role on the advisory committee," said Neil Hennessy, Chairman of the Board and the President of Hennessy Funds.
  • Mr. Franklin joins the Board of Trustees as the sixth trustee and fifth independent trustee, and will serve Hennessy Funds shareholders alongside Neil Hennessy, Dennis DeSousa, Bob Doyle, Claire Garvie, and Gerald Richardson.
  • Hennessy.

Hennessy Advisors, Inc. Announces Changes to the Board of Directors

Retrieved on: 
Thursday, December 8, 2022

Ms.Newton is an excellent complement to the board with her extensive financial background and detailed knowledge of the industry.

Key Points: 
  • Ms.Newton is an excellent complement to the board with her extensive financial background and detailed knowledge of the industry.
  • In conjunction with Ms. Newton's appointment to the Board of Directors, she is transitioning out of her current role as the founding member of the Company's Advisory Committee.
  • Additionally, the following three current directors are transitioning to serve on the Company's Advisory Committee: Daniel B. Steadman, EVP of Hennessy Advisors, Inc., Daniel G. Libarle, and Rodger D. Offenbach.
  • "Kiera is a wonderful addition to our Board," said Neil Hennessy, the Company's Chairman and CEO.

Hennessy Advisors, Inc. Announces Dividend

Retrieved on: 
Thursday, October 27, 2022

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%.

Key Points: 
  • 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.
  • Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty mutual funds.