Bassett Furniture Industries (NASDAQ:BSET) had declared a cash dividend of $0.1000 on Jul 14, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed for Aug 12, 2016. On Jul 14, 2016 share price, the yield comes out to be 1.5426%. The dividend payable date has been fixed on Aug 26, 2016.
Bassett Furniture Industries (BSET) made into the market gainers list on Mondays trading session with the shares advancing 0.84% or 0.22 points. Due to strong positive momentum, the stock ended at $26.33, which is also near the day’s high of $26.66. The stock began the session at $25.9899 and the volume stood at 51,435 shares. The 52-week high of the shares is $37.71 and the 52 week low is $22.97. The company has a current market capitalization of $287 M and it has 1,09,04,934 shares in outstanding.
Bassett Furniture Industries(BSET) last announced its earnings results on Jun 30, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $106.67M. Analysts had an estimated revenue of $118.02M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.43.
Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, David C Baker (SVP, Corporate Retail) purchased 410 shares at $23.95 per share price.Also, On Jul 5, 2016, Paul Fulton (Chairman Emeritus) purchased 2,000 shares at $23.96 per share price.On Jul 5, 2016, Robert H Jr Spilman (CEO) purchased 4,000 shares at $23.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Bassett Furniture Industries Incorporated (Bassett) is a manufacturer importer and retailer of home furnishings. The Company operates in three segments: Wholesale Retail and Investments and Real Estate. The Company’s store features custom order furniture ready for delivery in less than 30 days more than 1000 upholstery fabrics free in-home design visits and decorating accessories. The Company’s range of furniture products and accessories are designed and sold through a network of 94 retail stores known as Bassett Home Furnishings (BHF). Of the 94 stores the Company owns and operates 60 stores with the other 34 being independently owned. The Company also distributes its products through other multi-line furniture stores many of which feature Bassett galleries or design centers specialty stores and mass merchants.