Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Announces Quarterly Dividend of $0.20

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) declared a quarterly dividend on Thursday, January 15th. Investors of record on Friday, February 13th will be paid a dividend of 0.20 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, February 13th.

Bassett Furniture Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Bassett Furniture Industries has a dividend payout ratio of 65.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bassett Furniture Industries to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 60.2%.

Bassett Furniture Industries Stock Up 0.6%

NASDAQ:BSET opened at $16.97 on Friday. Bassett Furniture Industries has a 52 week low of $13.62 and a 52 week high of $19.75. The stock’s fifty day moving average is $16.09 and its two-hundred day moving average is $16.24. The company has a market capitalization of $147.47 million, a P/E ratio of 18.86, a P/E/G ratio of 0.97 and a beta of 0.99.

Analyst Ratings Changes

BSET has been the subject of several research analyst reports. Wall Street Zen raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bassett Furniture Industries in a report on Wednesday, October 8th. Zacks Research raised Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Sidoti upgraded Bassett Furniture Industries to a “strong-buy” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.