Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) announced a quarterly dividend on Thursday, March 13th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, May 16th.
Bassett Furniture Industries has increased its dividend by an average of 12.8% per year over the last three years. Bassett Furniture Industries has a 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 Trading Up 2.9 %
Shares of NASDAQ BSET traded up $0.44 during mid-day trading on Monday, reaching $15.53. The company had a trading volume of 10,524 shares, compared to its average volume of 16,293. The stock has a market cap of $136.48 million, a price-to-earnings ratio of -14.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. Bassett Furniture Industries has a 52 week low of $12.11 and a 52 week high of $16.20. The business's 50-day moving average is $14.70 and its 200-day moving average is $14.47.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share 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 forecast that Bassett Furniture Industries will post 0.75 earnings per share for the current year.
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 Stock Analysis on BSET
About Bassett Furniture Industries
(
Get Free Report)
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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