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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.20 per share on Friday, February 28th. This represents a $0.80 annualized dividend and a yield of 5.57%.

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 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 Up 3.4 %

NASDAQ BSET traded up $0.47 during trading on Thursday, reaching $14.37. 14,726 shares of the stock traded hands, compared to its average volume of 9,703. Bassett Furniture Industries has a fifty-two week low of $12.10 and a fifty-two week high of $16.50. The firm has a market cap of $126.47 million, a price-to-earnings ratio of -7.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. The stock's 50-day moving average price is $14.39 and its 200 day moving average price is $14.00.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Bassett Furniture Industries from a "buy" rating to a "hold" rating in a research 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.