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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Thursday, March 13th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 0.20 per share on Friday, May 30th. This represents a $0.80 annualized dividend and a yield of 4.96%.

Bassett Furniture Industries has increased its dividend payment by an average of 12.8% per year over the last three years. Bassett Furniture Industries has a dividend payout ratio of 63.5% indicating that 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 Stock Up 1.0 %

Shares of Bassett Furniture Industries stock opened at $16.14 on Friday. The firm has a market cap of $141.84 million, a P/E ratio of -14.67, a P/E/G ratio of 1.29 and a beta of 1.62. Bassett Furniture Industries has a fifty-two week low of $12.11 and a fifty-two week high of $16.20. The business has a 50-day moving average price of $14.65 and a 200 day moving average price of $14.43.

Bassett Furniture Industries (NASDAQ:BSET) last issued its earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. As a group, equities research analysts anticipate that Bassett Furniture Industries will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

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.