Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, August 14th will be given a dividend of 0.20 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th.
Bassett Furniture Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Bassett Furniture Industries has a payout ratio of 65.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bassett Furniture Industries to earn $1.38 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 58.0%.
Bassett Furniture Industries Trading Down 0.8%
BSET stock opened at $21.60 on Friday. The firm has a market cap of $187.06 million, a PE ratio of 33.75, a PEG ratio of 1.53 and a beta of 0.76. Bassett Furniture Industries has a 1 year low of $13.17 and a 1 year high of $22.26. The company has a fifty day simple moving average of $16.57 and a 200 day simple moving average of $15.66.
Hedge Funds Weigh In On Bassett Furniture Industries
Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Bassett Furniture Industries by 114.3% in the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock valued at $2,892,000 after acquiring an additional 101,448 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Bassett Furniture Industries during the third quarter worth $597,000. Hsbc Holdings PLC bought a new position in shares of Bassett Furniture Industries during the fourth quarter valued at $465,000. Squarepoint Ops LLC bought a new position in shares of Bassett Furniture Industries during the third quarter valued at $414,000. Finally, Aegis Financial Corp boosted its stake in shares of Bassett Furniture Industries by 5.2% in the 1st quarter. Aegis Financial Corp now owns 526,997 shares of the company’s stock valued at $7,457,000 after purchasing an additional 25,878 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Articles
- Five stocks we like better than Bassett Furniture Industries
- MarketBeat Week in Review – 07/13- 07/17
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
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.
