{"id":813130,"date":"2025-02-13T16:42:55","date_gmt":"2025-02-13T21:42:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hennessy-advisors-inc-reports-125-increase-in-quarterly-earnings-per-share-and-announces-quarterly-dividend\/"},"modified":"2025-02-13T16:42:55","modified_gmt":"2025-02-13T21:42:55","slug":"hennessy-advisors-inc-reports-125-increase-in-quarterly-earnings-per-share-and-announces-quarterly-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hennessy-advisors-inc-reports-125-increase-in-quarterly-earnings-per-share-and-announces-quarterly-dividend\/","title":{"rendered":"Hennessy Advisors, Inc. Reports 125% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NOVATO, Calif.<\/span>
\n <\/span>, Feb. 13, 2025<\/span><\/span> \/PRNewswire\/ — Hennessy Advisors, Inc. (Nasdaq:HNNA) <\/b>reported results for its first fiscal quarter of 2025, which ended December 31, 2024<\/span>. The firm also announced a quarterly dividend of $0.1375<\/span> per share to be paid on March 6, 2025<\/span>, to shareholders of record as of February 24, 2025<\/span>, which represents an annualized dividend yield of 4.6%.*<\/p>\n

“2024 delivered record highs in the stock market, with the Dow Jones Industrial Average returning 14.99% and the S&P 500\u00ae<\/sup> Index returning 25.02% for the year ended December 31, 2024<\/span>,” said Neil Hennessy<\/span>, Chairman and CEO. “I believe the markets were buoyed by the strength of the U.S. economy, and I am confident that investors are carrying that positive sentiment into 2025, fueled by strong\u2014and even increasing\u2014consumer spending. With robust corporate profits across multiple sectors and mild inflation, I believe positive market momentum will continue. While periods of volatility may arise, we remain confident that corporate America will continue to adapt to fiscal and administrative policies, sustaining growth and creating economic opportunities now and in the future.”<\/p>\n

“We are extremely proud of the performance of our products through December 31, 2024<\/span>: all 17 Hennessy Funds posted positive returns for the year. Over the longer term, all our Funds delivered positive returns for the three-year period ended December 31, 2024<\/span>, and all 16 Hennessy Funds with at least 10 years of operating history achieved positive returns for both the five-year and ten-year periods,” he added.<\/p>\n

“Our strong product performance, supported by a consistent business model and effective distribution and marketing strategies, has driven a nearly 50% increase in total assets under management compared to the prior period,” said Teresa Nilsen<\/span>, President and COO. “Our cash position net of debt continues to strengthen\u2014up nearly 30% in the last twelve months\u2014and we are thrilled to report a triple-digit percentage increase in net income,” she added. “We are off to a solid start in fiscal year 2025, and we remain motivated to build on our success while staying focused on the next opportunity to deliver meaningful returns to our shareholders.”<\/p>\n

\n Summary Highlights <\/b>(compared to the prior comparable quarter ended December 31, 2023<\/span>):<\/p>\n