Hennessy Advisors, Inc. Reports 65% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend

Core Insights - Hennessy Advisors, Inc. reported strong financial results for the second fiscal quarter of 2025, with total revenue increasing by 33.7% year-over-year to $9.3 million and net income rising by 67.7% to $2.6 million [1][2][5] - The company announced a quarterly dividend of $0.1375 per share, reflecting an annualized dividend yield of 5.2% [1][2] - The firm is committed to long-term investing and believes that current market volatility will stabilize as new realities are absorbed [1][2] Financial Performance - Total revenue for the quarter ended March 31, 2025, was $9,275,783, compared to $6,939,977 for the same quarter in 2024, marking a $2,335,806 increase [2][5] - Net income increased from $1,539,823 in Q1 2024 to $2,582,979 in Q1 2025, an increase of $1,043,156 [2][5] - Earnings per share (diluted) rose from $0.20 to $0.33, reflecting a 65% increase [2][5] - Average assets under management grew by 37.2% to $4,746,380,124, up from $3,459,895,504 [2][5] - Total assets under management increased by 10.5% to $4,255,690,493 [2][5] - Cash and cash equivalents, net of gross debt, rose by 41.2% to $27,311,927 [2][5] Strategic Initiatives - The company signed a definitive agreement with STF Management, LP to expand its ETF offerings, demonstrating a commitment to growth and effective cash deployment [2][3]