Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Free Report) announced a quarterly dividend on Thursday, March 13th, RTT News reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.20 per share on Friday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.96%.
Bassett Furniture Industries has increased its dividend payment by an average of 12.8% annually over the last three years. Bassett Furniture Industries has a payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %
Shares of Bassett Furniture Industries stock opened at $16.14 on Friday. Bassett Furniture Industries has a twelve month low of $12.11 and a twelve month high of $16.20. The stock has a market capitalization of $141.84 million, a P/E ratio of -14.67, a PEG ratio of 1.29 and a beta of 1.62. The business’s fifty day moving average price is $14.65 and its 200 day moving average price is $14.43.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.
Read Our Latest Research Report on Bassett Furniture Industries
About Bassett Furniture Industries
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.
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