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. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Friday, February 14th.

Bassett Furniture Industries has raised its dividend by an average of 12.8% per year over the last three years. Bassett Furniture Industries has a dividend payout ratio of 67.2% meaning its dividend is sufficiently covered by earnings. 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 2.0 %

Shares of NASDAQ BSET opened at $14.16 on Wednesday. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $15.96. The stock has a fifty day simple moving average of $14.09 and a 200-day simple moving average of $14.05. The stock has a market capitalization of $124.61 million, a PE ratio of -12.87, a PEG ratio of 1.16 and a beta of 1.67.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%. On average, equities analysts predict that Bassett Furniture Industries will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

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

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.