Bassett Increases Quarterly Dividend by 12.5%

Rhea-AI Summary

Bassett Furniture Industries, Inc. (Nasdaq: BSET) increases quarterly dividend by 12.5% to $0.18 per share. Payable on August 25, 2023, to shareholders of record on August 11, 2023.

Positive

• The 12.5% increase in the quarterly dividend demonstrates the company's commitment to rewarding its shareholders.
• The announcement of the increased dividend indicates the company's confidence in its financial position and future prospects.

Negative

• None.

BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of $0.18 per share of common stock, payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 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 new quarterly dividend for Bassett Furniture Industries, Inc. (Nasdaq: BSET)?

The new quarterly dividend is $0.18 per share of common stock.

When will the dividend be payable to shareholders of Bassett Furniture Industries, Inc. (Nasdaq: BSET)?

The dividend will be payable on August 25, 2023.

What is the percentage increase in the quarterly dividend declared by Bassett Furniture Industries, Inc. (Nasdaq: BSET)?

The quarterly dividend has been increased by 12.5%.