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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Shareholders 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 yield of 5.77%. The ex-dividend date of this dividend is Friday, February 14th.

Bassett Furniture Industries has increased 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% meaning 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 Trading Down 3.5 %

Shares of BSET traded down $0.51 during mid-day trading on Friday, hitting $13.86. 12,044 shares of the company traded hands, compared to its average volume of 9,913. The business has a 50-day moving average of $14.39 and a 200 day moving average of $14.00. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $16.50. The stock has a market capitalization of $121.97 million, a price-to-earnings ratio of -7.11, a PEG ratio of 1.08 and a beta of 1.69.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

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.