Hennessy Advisors Continues Support to Investors while Adjusting Profits, Adapting to Market Pressures
Portfolio Pulse from Benzinga Insights
Hennessy Advisors (NASDAQ:HNNA) is distributing a dividend payout of $0.14 per share, demonstrating an annualized dividend yield of 7.84%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.49 to $0.55. However, the company's earnings per share have declined from $1.42 in 2019 to $0.82 in 2022. Hennessy Advisors's dividend yield is in the middle range compared to its industry peers, with OFS Credit Co (NASDAQ:OCCI) having the highest annualized dividend yield at 26.47%.
September 06, 2023 | 3:05 pm
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Hennessy Advisors is distributing a dividend of $0.14 per share, with an annualized yield of 7.84%. The company's dividend per share has increased from 2019 to 2022, but earnings per share have declined.
While the consistent increase in dividends is a positive sign for income-seeking investors, the decline in earnings per share could be a concern. This could potentially impact the company's ability to maintain its dividend payout schedule in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
OFS Credit Co has the highest annualized dividend yield at 26.47% among its industry peers.
The high annualized dividend yield of OFS Credit Co is mentioned in comparison to Hennessy Advisors. This could be of interest to income-seeking investors looking for companies with high dividend yields.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50