Bassett Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries, Inc. (Nasdaq: BSET) has declared a regular quarterly dividend of $0.125 per share, payable on May 28, 2021. Shareholders of record will be those at the close of business on May 14, 2021. The company, a leader in high-quality home furnishings, operates 97 stores and has a strong retail strategy that includes stylish custom-built furniture and free in-home design visits. Bassett also maintains a wholesale business with over 700 accounts nationally and internationally.

Positive

• Declaration of a quarterly dividend of $0.125 per share increases shareholder income.
• Company operates 97 stores and a successful wholesale business with over 700 accounts.

Negative

• None.

BASSETT, Va., March 11, 2021 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per share of common stock, payable on May 28, 2021 to shareholders of record at the close of business on May 14, 2021.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 97 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 and internationally and a logistics business specializing in home furnishings. 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 BSET?

Bassett Furniture declared a quarterly dividend of $0.125 per share.

When is the dividend payment date for BSET?

The dividend is payable on May 28, 2021.

What is the record date for the BSET dividend?

The record date for the dividend is May 14, 2021.

How many stores does Bassett Furniture operate?

Bassett Furniture operates 97 company- and licensee-owned stores.

What kind of business does Bassett Furniture engage in?

Bassett Furniture is involved in manufacturing and marketing high-quality home furnishings.