Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a quarterly dividend on Thursday, January 11th, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.20%.
Bassett Furniture Industries (NASDAQ:BSET) opened at $36.60 on Friday. The company has a market capitalization of $392.91, a price-to-earnings ratio of 21.40 and a beta of 1.05. Bassett Furniture Industries has a 12-month low of $24.90 and a 12-month high of $41.30.
Several brokerages have commented on BSET. Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 price objective (up previously from $36.00) on shares of Bassett Furniture Industries in a research report on Saturday, September 30th. ValuEngine downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Finally, 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 research report on Thursday, December 28th.
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Bassett Furniture Industries Company Profile
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.
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