Bassett Announces 11% Increase in Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries, a leading home furnishings manufacturer and marketer, announced an 11% increase in its regular quarterly dividend. The new dividend is set at $0.20 per share, payable on August 30, 2024, to shareholders of record as of August 16, 2024. This marks a significant rise from the previous dividend, reflecting Bassett's strong financial performance and commitment to returning value to shareholders. The company operates 88 stores and maintains a robust wholesale business with over 700 accounts across the United States.

Positive

• 11% increase in quarterly dividend to $0.20 per share.
• Dividend payment scheduled for August 30, 2024.
• Reflects strong financial performance and commitment to shareholders.

Negative

• None.

BASSETT, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on August 30, 2024, to shareholders of record at the close of business on August 16, 2024 which represents an 11% increase over the prior quarterly dividend.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 88 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States. For more information, visit the Company’s website at bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice
President - Chief Financial
& Administrative Officer
(276) 629-6614 - Investors

Peter D. Morrison, Vice President of Communications
(276) 629-6387 – Media

FAQ

What is the new dividend amount declared by Bassett Furniture Industries?

The new dividend amount declared by Bassett Furniture Industries is $0.20 per share.

When will Bassett Furniture Industries' new dividend be paid?

The new dividend will be paid on August 30, 2024.

What is the record date for Bassett Furniture Industries' dividend?

The record date for the dividend is August 16, 2024.

How much did Bassett Furniture Industries increase its dividend?

Bassett Furniture Industries increased its dividend by 11%.

What is the stock symbol for Bassett Furniture Industries?

The stock symbol for Bassett Furniture Industries is BSET.