Bassett Furniture Industries Inc. (BSET) to Issue $0.11 Quarterly Dividend

Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a quarterly dividend on Thursday, January 11th, RTT News reports. Stockholders of record on Friday, February 9th will be paid a dividend of 0.11 per share on Friday, February 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.20%.

Shares of Bassett Furniture Industries (BSET) traded up $0.85 during midday trading on Thursday, hitting $36.60. The stock had a trading volume of 30,922 shares, compared to its average volume of 48,357. The firm has a market cap of $389.15, a price-to-earnings ratio of 21.40 and a beta of 1.05. Bassett Furniture Industries has a fifty-two week low of $24.90 and a fifty-two week high of $41.30.

In other Bassett Furniture Industries news, insider John E. Bassett III sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.25, for a total value of $80,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jay R. Hervey sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $39.19, for a total value of $25,473.50. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

A number of brokerages have recently commented on BSET. Zacks Investment Research raised Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Thursday, December 28th. ValuEngine lowered Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 target price (up previously from $36.00) on shares of Bassett Furniture Industries in a report on Saturday, September 30th. Finally, BidaskClub lowered Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 9th.

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About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

Dividend History for Bassett Furniture Industries (NASDAQ:BSET)

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