Bassett Announces Regular Fourth Quarter Dividend

Rhea-AI Summary

Bassett Furniture declares $0.18 quarterly dividend per share

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• Bassett Furniture declares a regular quarterly dividend of $0.18 per share of common stock.

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• None.

BASSETT, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on November 24, 2023, to shareholders of record at the close of business on November 10, 2023.

About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 89 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 and Chief Financial
Officer
(276) 629-6614 - Investors

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

FAQ

What is the dividend amount declared by Bassett Furniture?

Bassett Furniture has declared a regular quarterly dividend of $0.18 per share of common stock.

When will the dividend be payable?

The dividend will be payable on November 24, 2023.

Who will be eligible for the dividend?

Shareholders of record at the close of business on November 10, 2023, will be eligible for the dividend.