BSET dividend – BASSETT FURNITURE INDUSTRIES Announces Increase in Dividend to $0.16 Per Share
January 29, 2023
Trending News ☀️
BSET dividend – Bassett Furniture Industries ($NASDAQ:BSET), Inc. (NASDAQ: BSET) is a leading manufacturer and marketer of branded home furnishings, including living room, dining room, and bedroom furniture. Bassett Furniture Industries recently announced that it will increase its quarterly dividend to sixteen cents ($0.16) per share. This is the second consecutive year that the company has increased its dividend, demonstrating its commitment to shareholders. This will be Bassett Furniture Industries’ thirty-third consecutive year of paying a dividend. Bassett Furniture Industries’ strong performance is due to its focus on innovation and customer experience.
The company is constantly introducing new products, expanding its retail presence, and engaging with customers through digital marketing campaigns. This commitment to innovation and customer service has helped the company remain competitive in the home furnishings industry for over a century. The increase in the dividend demonstrates the company’s confidence in its continued financial strength and growth prospects. Shareholders of Bassett Furniture Industries can look forward to continued growth and returns in the future.
Dividends – BSET dividend
This is a significant increase from the last three years, where it has issued annual dividend per share of 0.58, 0.53, and 0.46 USD respectively. With this new dividend, the dividend yields from 2020 to 2022 will be 3.11%, 2.52%, 3.9%, with an average dividend yield of 3.18%. The company’s consistent dividend payments in the last three years demonstrate its commitment to rewarding shareholders, and its strong financial position makes it a reliable source of income for investors. Furthermore, the high dividend yields suggest that investors can expect a good return on their investment over time.
Overall, BASSETT FURNITURE INDUSTRIES has demonstrated its commitment to rewarding shareholders, and its high dividend yields make it a good option for those looking for dividend stocks. The company’s strong financial position provides a reliable source of income for investors, and its consistent dividend payments suggest that investors can expect a good return on their investment over time.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BSET. More…
| Total Revenues | Net Income | Net Margin |
| 485.6 | 65.34 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BSET. More…
| Operations | Investing | Financing |
| -2.97 | 65.84 | -35.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BSET. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 406.27 | 210.66 | 21.85 |
Key Ratios Snapshot
Some of the financial key ratios for BSET are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.4% | 66.1% | 6.2% |
| FCF Margin | ROE | ROA |
| -5.0% | 9.7% | 4.7% |
Market Price
This news caused the company’s stock to open at $18.4 and close at $18.6, up by 0.3% from its previous closing price of 18.6. It is one of the oldest and largest furniture manufacturers in the United States. The company designs and produces a wide variety of furniture products for homes, offices, schools, and other commercial spaces. It also offers custom-made furniture for special orders. The company’s increased dividend is a sign that it is committed to delivering value to its shareholders.
This dividend increase is expected to further strengthen the company’s financial performance and help it to remain competitive in the furniture industry. This dividend increase is part of the company’s long-term plan to reward its shareholders and create more value for them. BASSETT FURNITURE INDUSTRIES is committed to delivering quality products and services to its customers, while also providing its shareholders with a steady stream of income. By increasing its dividend, BASSETT FURNITURE INDUSTRIES is demonstrating its commitment to shareholders and showing that it is a reliable investment opportunity. With this dividend increase, investors can look forward to a steady return on their investment in the company. Live Quote…
VI Analysis
Company fundamentals are a great way to assess the long term potential of an organization. The VI App simplifies the process of assessing company fundamentals, such as those of BASSETT FURNITURE INDUSTRIES, by providing a Star Chart that gives an overall health score. According to this chart, BASSETT FURNITURE INDUSTRIES has an 8/10 health score with regards to its cashflows and debt, indicating that it has the ability to sustain future operations in times of crisis. The company is classified as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. Investors looking for stability and consistent returns may be interested in a company such as BASSETT FURNITURE INDUSTRIES. The company is strong in asset, dividend, and medium in growth and profitability. Such companies offer investors a low risk investment option, with the potential for moderate to good returns over the long term. Overall, BASSETT FURNITURE INDUSTRIES is a company with a strong financial foundation, capable of sustaining its operations in difficult times. The company’s moderate growth and dividends make it an attractive option for investors looking for stability and consistent returns. More…
VI Peers
Bassett Furniture Industries Inc is a leading furniture manufacturer that competes with other leading companies such as Dorel Industries Inc, The Lovesac Co, and DFS Furniture PLC. The company has been in business for over 100 years and has a reputation for quality products. Bassett Furniture Industries Inc is a publicly traded company on the New York Stock Exchange. The company’s headquarters is located in Bassett, Virginia.
– Dorel Industries Inc ($TSX:DII.B)
Dorel Industries Inc is a Canadian company that designs, manufactures, and markets juvenile and adult consumer products. The company has a market cap of 166.2M as of 2022 and a Return on Equity of -9.02%.
Dorel Industries is a diversified company with operations in three main business segments: Juvenile, Home Furnishings, and Recreation/Leisure. The Juvenile segment designs, manufactures, and markets juvenile products, such as strollers, car seats, high chairs, and playards, under the brands Maxi-Cosi, Quinny, Baby Art, and Tiny Love. The Home Furnishings segment designs, manufactures, and markets home furnishings products, such as sofas, chairs, and mattresses, under the brands Dorel Home Products and Simmons. The Recreation/Leisure segment designs, manufactures, and markets recreation and leisure products, such as bicycles, scooters, and trampolines, under the brands Cannondale, Schwinn, GT, Mongoose, IronHorse, and Dorel Sports.
Dorel Industries has a long history dating back to 1962 when it was founded as a manufacturer of children’s furniture. Since then, the company has grown through a series of acquisitions and has established itself as a leading player in the juvenile, home furnishings, and recreation/leisure market segments.
– The Lovesac Co ($NASDAQ:LOVE)
The Lovesac Company is a furniture company that designs, manufactures, and sells bean bag chairs and related accessories. The company has a market cap of $343.47 million and a return on equity of 15.26%. The company’s products are sold through a network of company-owned stores and e-commerce website. Lovesac was founded in 1995 and is headquartered in Stamford, Connecticut.
– DFS Furniture PLC ($LSE:DFS)
DFS Furniture PLC is a UK-based company that manufactures and sells furniture. The company has a market cap of 271.97M as of 2022 and a Return on Equity of 19.51%. DFS Furniture PLC is a publicly traded company listed on the London Stock Exchange. The company was founded in 1969 and has its headquarters in Derbyshire, England.
Summary
This provides investors with a higher yield and indicates the company’s strong financial performance and positive outlook. The company has also seen consistent growth in its earnings and sales over the past few years, indicating a healthy and growing business. Furthermore, Bassett Furniture Industries has a lower debt to equity ratio and a higher return on equity than its peers, making it an attractive investment opportunity. Investors looking for a solid, stable stock to add to their portfolio should consider Bassett Furniture Industries.
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