Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Plans $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 raised its dividend by an average of 12.8% annually over the last three years. Bassett Furniture Industries has a 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 Stock Up 3.4 %

NASDAQ BSET opened at $14.37 on Friday. Bassett Furniture Industries has a 52 week low of $12.10 and a 52 week high of $16.50. The company has a fifty day moving average of $14.39 and a two-hundred day moving average of $14.00.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note 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.