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Hennessy Advisors ups quarterly dividend by 25%

Hennessy Advisors Inc.'s board declared a quarterly dividend of 13.75 cents per share, a 25% increase from the previous payout of 11 cents per share.

The dividend will be paid Sept. 10 to shareholders of record as of Aug. 20.

The company reported net income of $2.7 million, or 34 cents per share, for the three months ended June 30, compared to $4.2 million, or 53 cents per share, for the same period in 2018.