Bassett Furniture Industries, Incorporated (BSET) To Go Ex-Dividend on February 13th

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.20 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, February 13th.

Bassett Furniture Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Bassett Furniture Industries has a dividend payout ratio of 65.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of Bassett Furniture Industries stock opened at $17.01 on Friday. The business has a 50-day simple moving average of $16.14 and a 200 day simple moving average of $16.25. The firm has a market capitalization of $147.82 million, a price-to-earnings ratio of 18.90, a PEG ratio of 0.97 and a beta of 0.99. Bassett Furniture Industries has a one year low of $13.62 and a one year high of $19.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of Bassett Furniture Industries during the 3rd quarter valued at $29,000. Group One Trading LLC bought a new position in Bassett Furniture Industries during the second quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Bassett Furniture Industries during the second quarter valued at about $68,000. JPMorgan Chase & Co. purchased a new stake in Bassett Furniture Industries during the second quarter worth about $83,000. Finally, New York State Common Retirement Fund bought a new stake in Bassett Furniture Industries in the second quarter worth about $106,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

About Bassett Furniture Industries

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.