Today, September 06, 2023, marks an important moment for investors of Hennessy Advisors HNNA. The company will distribute a dividend payout of $0.14 per share, demonstrating an annualized dividend yield of 7.84%. Remember, only shareholders prior to the ex-dividend date on August 22, 2023 are eligible for this payout.
Hennessy Advisors Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-22 | 4 | $0.14 | 7.84% | 2023-08-02 | 2023-08-23 | 2023-09-06 |
| 2023-05-22 | 4 | $0.14 | 7.72% | 2023-05-10 | 2023-05-23 | 2023-06-05 |
| 2023-02-17 | 4 | $0.14 | 5.61% | 2023-02-09 | 2023-02-21 | 2023-03-06 |
| 2022-11-14 | 4 | $0.14 | 6.25% | 2022-10-27 | 2022-11-15 | 2022-11-30 |
| 2022-08-15 | 4 | $0.14 | 5.3% | 2022-08-03 | 2022-08-16 | 2022-08-31 |
| 2022-05-20 | 4 | $0.14 | 5.82% | 2022-05-11 | 2022-05-23 | 2022-06-02 |
| 2022-02-18 | 4 | $0.14 | 5.37% | 2022-02-10 | 2022-02-22 | 2022-03-04 |
| 2021-11-09 | 4 | $0.14 | 4.79% | 2021-10-29 | 2021-11-11 | 2021-11-23 |
| 2021-08-16 | 4 | $0.14 | 5.89% | 2021-08-04 | 2021-08-17 | 2021-09-02 |
| 2021-05-24 | 4 | $0.14 | 5.95% | 2021-05-12 | 2021-05-25 | 2021-06-04 |
| 2021-02-23 | 4 | $0.14 | 5.98% | 2021-02-11 | 2021-02-24 | 2021-03-09 |
| 2020-11-10 | 4 | $0.14 | 6.67% | 2020-10-30 | 2020-11-12 | 2020-12-02 |
Hennessy Advisors's dividend yield falls in the middle range when compared to its industry peers, with OFS Credit Co OCCI having the highest annualized dividend yield at 26.47%.
Analyzing Hennessy Advisors Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.49 in 2019 to $0.55 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Hennessy Advisors
The earnings chart above reveals a decrease in Hennessy Advisors's earnings per share, declining from $1.42 in 2019 to $0.82 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article takes an in-depth look at Hennessy Advisors's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.14 per share today, translating to an annualized dividend yield of 7.84%.
Hennessy Advisors's dividend yield falls in the middle range when compared to its industry peers, with OFS Credit Co having the highest annualized dividend yield at 26.47%.
The rising dividend per share and declining earnings per share of Hennessy Advisors from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Hennessy Advisors's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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