Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Friday, January 14th, Zacks reports. Investors of record on Friday, February 11th will be paid a dividend of 0.14 per share on Friday, February 25th. This represents a $0.56 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, February 10th.
Bassett Furniture Industries has raised its dividend by 12.8% over the last three years and has increased its dividend annually for the last 1 consecutive years. Bassett Furniture Industries has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bassett Furniture Industries to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 26.8%.
Shares of NASDAQ:BSET opened at $15.43 on Friday. The stock has a market capitalization of $150.60 million, a PE ratio of 7.87, a P/E/G ratio of 0.47 and a beta of 1.78. Bassett Furniture Industries has a 1 year low of $15.18 and a 1 year high of $37.00. The firm has a fifty day moving average price of $16.92 and a 200 day moving average price of $19.50.
Separately, Zacks Investment Research cut shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 4th.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Inc engages in manufacturing, marketing and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products.
Featured Article: Gap Up Stocks
Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.