Written by Robert Kovacs
Introduction
Today I would like to bring dividend investors attention to a small financial dividend stock: Hennessy Advisors (HNNA). The company operates 16 open end mutual funds, more commonly known under the Hennessy Funds banner. Any company operating equity mutual funds has been struggling to keep assets as net outflows continue to be the norm month after month. The rise of passive investing continues its sharp ascent. A report from BMO suggests ETFs will double their assets in the next 5 years. Peter Lynch, vice chairman of Fidelity believes