Hennessy Advisors (HNNA) 8-K Hennessy Advisors, Inc. Announces Dividend

Exhibit 99.1

Hennessy Advisors, Inc. Announces Dividend

NOVATO, Calif., Oct. 29, 2021 /PRNewswire/ -- The Board of Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today declared a quarterly dividend of $0.1375 per share, which will be paid on November 23, 2021, to shareholders of record as of November 11, 2021. This quarterly dividend equates to an annualized dividend of $0.55, bringing the yield to 4.8% based on a closing stock price of $11.49 on October 28, 2021.

"Our dependable dividend program is a testament to our financial strength," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "The payment of this dividend in November will mark the 17^th consecutive year that Hennessy Advisors has paid dividends to its shareholders," he added.

About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty mutual funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy–and–hold philosophy that rejects the idea of market timing.

Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

CONTACT: Tania Kelley, Hennessy Advisors, Inc, tania@hennessyadvisors.com; 800-966-4354; Melissa Murphy, SunStar Strategic, MMurphy@sunstarstrategic.com; 703-894-1061