Bassett Furniture Industries (NASDAQ:BSET) declared a quarterly dividend on Thursday, October 17th, Stock Ratings Network.com reports. Investors of record on Friday, November 15th will be given a dividend of $0.06 per share on Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.66%.
On a related note, analysts at Thomson Reuters/Verus downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 16th.
Bassett Furniture Industries (NASDAQ:BSET) traded up 0.97% on Thursday, hitting $14.61. The stock had a trading volume of 25,789 shares. Bassett Furniture Industries has a one year low of $10.51 and a one year high of $17.68. The stock’s 50-day moving average is $15.12 and its 200-day moving average is $15.05. The company has a market cap of $159.6 million and a P/E ratio of 7.72.
Bassett Furniture Industries (NASDAQ:BSET) last released its earnings data on Thursday, October 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.10. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $64.40 million. On average, analysts predict that Bassett Furniture Industries will post $0.44 earnings per share for the current fiscal year.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a vertically integrated manufacturer, importer and retailer of home furnishings.
This article (Bassett Furniture Industries Inc. (BSET) Announces Quarterly Dividend of $0.06) was originally developed by and is property of American Banking News.
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