Bassett Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries, Inc. (Nasdaq: BSET) declared a quarterly dividend of $0.16 per share on March 9, 2023. This dividend will be payable on May 26, 2023, to shareholders of record by the close of business on May 12, 2023. With 92 company-owned and licensed stores, Bassett is recognized for its high-quality home furnishings, stylish custom-built furniture, and customer-oriented retail environment. The company also operates in the wholesale market with over 700 accounts across the U.S., providing a robust foundation for its growth and shareholder returns.

Positive

• Declared a regular quarterly dividend of $0.16 per share, enhancing shareholder income.
• Strong retail presence with 92 stores demonstrates effective brand leverage.
• Diverse revenue streams include both retail and traditional wholesale businesses.

Negative

• None.

BASSETT, Va, March 09, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on May 26, 2023, to shareholders of record at the close of business on May 12, 2023.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 92 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 Industries?

Bassett Furniture Industries declared a quarterly dividend of $0.16 per share.

When is the dividend payable for Bassett Furniture Industries?

The dividend is payable on May 26, 2023.

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

The record date for the dividend is May 12, 2023.