Bassett Furniture Industries Inc. (BSET) Plans Quarterly Dividend of $0.11

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.

In other Bassett Furniture Industries news, insider Jay R. Hervey sold 650 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $39.19, for a total value of $25,473.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John E. Bassett III sold 2,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $40.25, for a total value of $80,500.00. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

WARNING: “Bassett Furniture Industries Inc. (BSET) Plans Quarterly Dividend of $0.11” was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.themarketsdaily.com/2018/01/12/bassett-furniture-industries-inc-bset-plans-quarterly-dividend-of-0-11.html.

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.

Dividend History for Bassett Furniture Industries (NASDAQ:BSET)

Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply