5 Best Affordable Dividend Stocks to Buy

2. Hennessy Advisors, Inc. (NASDAQ:HNNA)

Share Price as of February 26: $8.62
P/E Ratio as of February 26: 12.14

Hennessy Advisors, Inc. (NASDAQ:HNNA) is an American company that offers mutual fund services to its consumers. As of February 26, the stock has a share price of $8.62 and its P/E ratio came in at 12.14, which makes it one of the most affordable stocks on our list.

On February 9, Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend of $0.1375 per share, which remained consistent with its previous dividend. The stock has a dividend yield of 6.38%, as of February 26.

At the end of Q4 2022, Jim Simons’ Renaissance Technologies was the only stakeholder of Hennessy Advisors, Inc. (NASDAQ:HNNA), owning stakes worth over $696,000.

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