Hennessy Advisors, Inc.
HNNAFinancial Services · Asset Management · Stock · quarterly payer
Forward Yield
5.85%
Annual Dividend
$0.60
Payout Ratio
55%
5-Yr Growth
0.0%
Ex-Date
Aug 20, 2026
Frequency
Quarterly
Key facts about HNNA's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Hennessy Advisors, Inc. (HNNA) has a forward dividend yield of 5.85%, based on an annual dividend of $0.60 per share and a share price of $10.25.
- As of Oct 18, 2026, HNNA's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- HNNA has never cut its regular dividend in the payment history SmarterDividends has on record.
- HNNA's most recent ex-dividend date was Aug 20, 2026, for a dividend of $0.15 per share.
- As of Oct 18, 2026, HNNA pays out 55% of its trailing 12-month earnings as dividends (its payout ratio).
- HNNA's dividend has been roughly flat over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HNNA is $14.40 per share, 40% above the $10.25 share price, so HNNA screens as undervalued.
- Hennessy Advisors, Inc. (HNNA) pays its dividend quarterly, 4 times a year.
- Hennessy Advisors, Inc. (HNNA) has raised its regular dividend 13 times and cut it 1 time across the 68 payments on record since 2006. Its most recent change was a 8.7% increase to $0.150 per share, going ex-dividend on Feb 18, 2026. The last cut went ex-dividend on Feb 7, 2011.
Cite this page
SmarterDividends, "HNNA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HNNA
Summary
As of Oct 18, 2026, Hennessy Advisors, Inc. (HNNA) yields 5.85% ($0.60 a year per share) and has a dividend safety grade of A (88/100).
Is HNNA a good dividend stock?
YesHennessy Advisors, Inc. (HNNA) pays a quarterly dividend yielding 5.85% ($0.60/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (55%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.85%
- Payout Ratio
- 55%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 20, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.54
- Market Cap
- $81.0M
- P/E Ratio
- 9.8
- 5-Yr Total Return
- -4%
- 52-Week Range
- $8.90 – $10.87
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
HNNA dividend raises and cuts
Hennessy Advisors, Inc. (HNNA) has raised its regular dividend 13 times and cut it 1 time across the 68 payments on record since 2006. Its most recent change was a 8.7% increase to $0.150 per share, going ex-dividend on Feb 18, 2026. The last cut went ex-dividend on Feb 7, 2011.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 18, 2026 | Raise | $0.138 → $0.150 | +8.7% |
| Aug 19, 2019 | Raise | $0.110 → $0.138 | +25.5% |
| Nov 9, 2018 | Raise | $0.100 → $0.110 | +10.0% |
| Feb 8, 2018 | Raise | $0.0750 → $0.100 | +33.3% |
| Feb 8, 2017 | Raise | $0.0667 → $0.0753 | +13.0% |
| Nov 10, 2016 | Raise | $0.0533 → $0.0667 | +25.0% |
| Feb 10, 2016 | Raise | $0.0400 → $0.0533 | +33.3% |
| Feb 11, 2015 | Raise | $0.0333 → $0.0400 | +20.0% |
| Nov 12, 2014 | Raise | $0.0267 → $0.0333 | +25.0% |
| Feb 12, 2014 | Raise | $0.0207 → $0.0267 | +29.0% |
| Feb 3, 2012 | Raise | $0.0167 → $0.0207 | +24.0% |
| Feb 7, 2011 | Cut | $0.0600 → $0.0167 | −72.2% |
Show all 14 changes since 2007
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 11, 2008 | Raise | $0.0356 → $0.0600 | +68.7% |
| Feb 12, 2007 | Raise | $0.0252 → $0.0356 | +41.2% |
Frequently Asked Questions
Is HNNA a good dividend stock?
Yes. Hennessy Advisors, Inc. (HNNA) pays a quarterly dividend yielding 5.85% ($0.60/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is HNNA undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HNNA's fair value is about $14.40 versus a $10.25 share price — so it looks undervalued (+40% vs. fair value).
Is HNNA's dividend safe?
HNNA has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is HNNA's fair value?
Our blended fair-value estimate for HNNA is about $14.40 per share, roughly 40% above the current $10.25 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HNNA a buy, hold, or sell?
We don't issue formal ratings, but on the data HNNA screens as "yes" and undervalued. Hennessy Advisors, Inc. (HNNA) pays a quarterly dividend yielding 5.85% ($0.60/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will HNNA cut its dividend?
HNNA earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HNNA pay a dividend?
Yes. Hennessy Advisors, Inc. pays a quarterly dividend of about $0.60 per share annually, a forward yield of roughly 5.85%.
What is HNNA's dividend yield?
As of Oct 18, 2026, HNNA's forward dividend yield is 5.85%, based on a $0.60 annual dividend and a $10.25 share price.
What is HNNA's dividend per share?
As of Oct 18, 2026, HNNA pays $0.60 per share per year, distributed on a quarterly basis.
What is HNNA's dividend payout ratio?
As of Oct 18, 2026, HNNA's payout ratio is 55% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HNNA grown its dividend?
HNNA does not currently have a long dividend-growth streak on record.
When is the next HNNA ex-dividend date?
As of Oct 18, 2026, HNNA's next ex-dividend date hasn't been announced. The most recent was Aug 20, 2026, for $0.15 per share.
HNNA Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+60%
5 Years
-4%
52-Week Range
$8.90 – $10.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HNNA worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Hennessy Advisors, Inc. is $14.40 per share, versus a market price of $10.25. That implies 40% of upside — a margin of safety of about 29%.
Fair Value
$14.40
Current Price
$10.25
Upside
+40%
Margin of Safety
29%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 4.4% growth for five years fading to 2.5% over the next five, $1.05 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HNNA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full HNNA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 20, 2026 | Sep 3, 2026 | $0.1500 | regular |
| May 21, 2026 | Jun 4, 2026 | $0.1500 | regular |
| Feb 18, 2026 | Mar 4, 2026 | $0.1500 | regular |
| Nov 12, 2025 | Nov 26, 2025 | $0.1380 | regular |
| Aug 20, 2025 | Sep 4, 2025 | $0.1380 | regular |
| May 20, 2025 | Jun 4, 2025 | $0.1380 | regular |
| Feb 24, 2025 | Mar 6, 2025 | $0.1380 | regular |
| Nov 14, 2024 | Nov 27, 2024 | $0.1380 | regular |
| Aug 22, 2024 | Sep 5, 2024 | $0.1380 | regular |
| May 21, 2024 | Jun 5, 2024 | $0.1380 | regular |
| Feb 16, 2024 | Mar 4, 2024 | $0.1380 | regular |
| Nov 10, 2023 | Nov 27, 2023 | $0.1380 | regular |
| Aug 22, 2023 | Sep 6, 2023 | $0.1380 | regular |
| May 22, 2023 | Jun 5, 2023 | $0.1380 | regular |
Income Calculator
At $0.60 / yr per share
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