The company was founded in 1902 and is headquartered in Bassett, VA.
Bassett Furniture Industries Inc (BSET) manufactures, markets, and retails 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’s single share price increased $3.47 (or about 19%) from $18.30 to $21.77 in the past year, per Monday’s opening market report.
Two analysts cover the stock, and their median one-year price targets projected a gain of $1.23 for the coming year. However, the BSET's past two-year price history shows an average $3.65 annual price gain, which I’ll use for its annual return after I discuss dividends.
BSET Dividends
Bassett has paid quarterly dividends since December,1989. The latest Q amount of $0.20 was paid May 29th (to shareholders on record as of May 15th), yielding 3.65% annually (per Monday’s opening market report)
BSET Returns
Putting it all together, as of July 13th, a possible gross gain of $4.45 was projected. The $3.65 per share historic annual gain was added to the $0.80 forward-looking annual dividend to equal a $4.45 gross gain.
A little under $1000 invested in BSET at Monday’s $21.77 opening share price would buy 46 shares which multiply the $4.45 gross gain to $204.41 for the coming year, or about 20.44%.
My dividend dogcatcher rule is to only buy initial shares of a dividend stock that pay an annual dividend (from $1000 invested) that is greater than the cost of one share.
BSET’s projected annual dividend from $1K invested is $36.50. So BSET shows an annual dividend from $1,000 invested at a $21.77 price is .67% of its recent 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.
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