Hennessy Advisors, Inc. 4.875% Notes due 2026
HNNAZStock · quarterly payer
Forward Yield
4.90%
Annual Dividend
$1.22
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Quarterly
Summary
As of September 2026, Hennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) yields 4.90% ($1.22 per share annually), with a blended fair-value estimate of $19.96 — -20% downside, so it screens as overvalued. Dividend safety grade: B (78/100).
Is HNNAZ a good dividend stock?
YesHennessy Advisors, Inc. 4.875% Notes due 2026 (HNNAZ) pays a quarterly dividend yielding 4.90% ($1.22/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 4.90%
- Payout Ratio
- —
- Annual Dividend
- $1.22
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $24.25 – $26.48
- Dividend Safety
- B · 78/100
- Ever Cut?
- No
Frequently Asked Questions
HNNAZ Price — Last 12 Months
Daily close
Price Return
1 Year
—
3 Years
—
5 Years
—
52-Week Range
$24.25 – $26.48
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HNNAZ worth?
Overvaluedlow confidenceOur blended fair-value estimate for Hennessy Advisors, Inc. 4.875% Notes due 2026 is $19.96 per share, versus a market price of $24.90. That implies 20% of downside.
Fair Value
$19.96
Current Price
$24.90
Downside
-20%
Margin of Safety
-25%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.4% stage-1 growth, 2.5% terminal growth, $1.22 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HNNAZ Dividend Safety Score
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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.3050 | regular |
| Mar 13, 2026 | — | $0.3050 | regular |
| Dec 15, 2025 | — | $0.3050 | regular |
| Sep 15, 2025 | — | $0.3050 | regular |
| Jun 13, 2025 | — | $0.3050 | regular |
| Mar 14, 2025 | — | $0.3050 | regular |
| Dec 13, 2024 | — | $0.3050 | regular |
| Sep 13, 2024 | — | $0.3050 | regular |
| Jun 14, 2024 | — | $0.3050 | regular |
| Mar 14, 2024 | — | $0.3050 | regular |
| Dec 14, 2023 | — | $0.3050 | regular |
| Sep 14, 2023 | — | $0.3050 | regular |
| Jun 14, 2023 | — | $0.3050 | regular |
| Mar 14, 2023 | — | $0.3050 | regular |
Income Calculator
At $1.22 / yr per share
