Current Report: Bassett Furniture Industries Could Gain 20.5% This Year

The company was founded in 1902 and is headquartered in Bassett, VA.

Bassett Furniture Industries, Inc (BSET) manufactures and sells home furnishings. 

Three key data points gauge BSET (or any dividend-paying entity):

(1) Price 

(2) Dividends

(3) Returns

Those three keys also indicate if any company has made, is making, and will make money.

BSET Price

Bassett Furniture Industries' single share price fell $3.51 (or about 20%) from $17.63 to $14.12 in the past year, per Monday’s morning market report.

One analyst covers the stock and projects a $6.88 one year price target gain. However, the past 6 year price history shows an average annual price upside of $1.29 which I’ll use to calculate returns after I discuss dividends.  

BSET Dividends

Bassett Furniture Industries has paid variable quarterly dividends since February 1990.  The most recent Q payout of $0.20 is payable May 29 (to shareholders on record as of May 15) for an annual yield of 5.67% 

BSET Returns

Putting it all together, as of May 8 a possible gross gain of $2.09 was projected by the $1.29 per share annual gain added to the $0.80 forward looking annual dividend.

A little over $1000 invested in BSET at Monday’s $14.12 opening share price would buy 71 shares, which multiply the $2.90 gross gain to $205.38 for the coming year, or 20.5%.

The dividend dogcatcher rule is to only buy initial shares of a dividend stock that pay an annual dividend (from $1000 invested) that is more than the cost of a single share.

BSET’s annual dividend from $1K invested is $56.70. So Bassett Furniture Industries shows a dividend from $1,000 invested slightly over 4 times its $14.12 single share price.

The exact track of BSET’s future share price and dividend will entirely be determined by market action and company finances.  

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.