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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Investors 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 annualized dividend and a yield of 5.76%.

Bassett Furniture Industries has raised its dividend payment by an average of 12.8% per year over the last three years. Bassett Furniture Industries has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Bassett Furniture Industries stock traded up $0.05 during mid-day trading on Thursday, reaching $13.90. 4,067 shares of the company traded hands, compared to its average volume of 8,658. The firm’s 50 day moving average price is $14.40 and its 200 day moving average price is $14.00. Bassett Furniture Industries has a 52-week low of $12.10 and a 52-week high of $16.50. The firm has a market capitalization of $122.33 million, a price-to-earnings ratio of -7.13, a P/E/G ratio of 1.08 and a beta of 1.69.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a 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.