Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a quarterly dividend on Thursday, October 6th. Investors of record on Friday, November 11th will be paid a dividend of 0.10 per share on Friday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%.

Bassett Furniture Industries (NASDAQ:BSET) opened at 25.29 on Friday. Bassett Furniture Industries has a 12 month low of $22.42 and a 12 month high of $33.68. The company has a 50 day moving average price of $24.68 and a 200-day moving average price of $27.31. The company has a market cap of $273.16 million, a PE ratio of 16.75 and a beta of 1.03.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. The business earned $104.70 million during the quarter. Bassett Furniture Industries had a net margin of 3.80% and a return on equity of 9.42%. Bassett Furniture Industries’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities analysts predict that Bassett Furniture Industries will post $1.42 earnings per share for the current fiscal year.

Dividend History for Bassett Furniture Industries (NASDAQ:BSET)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of Bassett Furniture Industries by 131.8% in the second quarter. Prudential Financial Inc. now owns 27,440 shares of the company’s stock worth $657,000 after buying an additional 15,600 shares during the period. Vanguard Group Inc. boosted its position in shares of Bassett Furniture Industries by 2.3% in the second quarter. Vanguard Group Inc. now owns 461,674 shares of the company’s stock worth $11,053,000 after buying an additional 10,551 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Bassett Furniture Industries by 5.2% in the second quarter. BlackRock Investment Management LLC now owns 42,226 shares of the company’s stock worth $1,011,000 after buying an additional 2,080 shares in the last quarter. Deere & Co. purchased a new position in shares of Bassett Furniture Industries during the second quarter worth approximately $237,000. Finally, TFS Capital LLC boosted its position in shares of Bassett Furniture Industries by 47.4% in the second quarter. TFS Capital LLC now owns 11,984 shares of the company’s stock worth $287,000 after buying an additional 3,853 shares in the last quarter. Hedge funds and other institutional investors own 71.64% of the company’s stock.

Separately, Zacks Investment Research downgraded Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, July 4th.

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.

5 Day Chart for NASDAQ:BSET

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