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Hennessy Advisors announces 3-for-2 stock split

Hennessy Advisors Inc.'s board approved a 3-for-2 stock split and a quarterly dividend of 7.5 cents per share, a 12.5% increase from the previous quarterly dividend on a split-adjusted basis.

The stock split will occur and the dividend will be paid March 6 to shareholders of record as of Feb. 10.