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. Stockholders of record on Friday, February 14th will be given a dividend of 0.20 per share on Friday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 5.57%.

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. 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 Stock Up 3.4 %

BSET opened at $14.37 on Friday. The company has a fifty day moving average of $14.39 and a 200 day moving average of $14.00. Bassett Furniture Industries has a fifty-two week low of $12.10 and a fifty-two week high of $16.50.

Wall Street Analyst Weigh In

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