Bassett Furniture Industries, Incorporated (BSET) to Issue Quarterly Dividend of $0.20 on February 28th

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.20 per share on Friday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, February 14th.

Bassett Furniture Industries has increased its dividend by an average of 12.8% annually over the last three years. Bassett Furniture Industries has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bassett Furniture Industries to earn $0.80 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 100.0%.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ BSET traded down $0.51 during mid-day trading on Friday, reaching $13.86. The company had a trading volume of 12,044 shares, compared to its average volume of 9,913. The stock’s 50 day moving average is $14.39 and its 200-day moving average is $14.00. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $16.50. The stock has a market capitalization of $121.97 million, a PE ratio of -7.11, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Bassett Furniture Industries Company Profile

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.