Bassett Increases Regular Quarterly Dividend by 14%

Rhea-AI Summary

Bassett Furniture Industries, Inc. (Nasdaq: BSET) has announced a 14% increase in its quarterly dividend, raising it to $0.16 per share. The dividend will be payable on August 26, 2022, to shareholders of record as of August 12, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining a robust position in the home furnishings sector.

Positive

• 14% increase in quarterly dividend to $0.16 per share, showcasing financial strength.
• Continued commitment to shareholders with scheduled payment.

Negative

• None.

BASSETT, Va., July 14, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 14%, declaring a regular quarterly dividend of $0.16 per share of common stock, payable on August 26, 2022, to shareholders of record at the close of business on August 12, 2022.

About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 95 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 dividend amount for Bassett Furniture (BSET)?

Bassett Furniture has increased its quarterly dividend to $0.16 per share.

When will the dividend for BSET be paid?

The dividend will be paid on August 26, 2022.

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

The record date for the dividend is August 12, 2022.

How much has Bassett Furniture increased its dividend?

Bassett Furniture has increased its dividend by 14%.