Bassett Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries has declared a quarterly dividend of $0.14 per share, payable on February 25, 2022, to shareholders on record as of February 11, 2022. This announcement reflects the company's commitment to returning value to its shareholders. Bassett operates 97 stores and has a robust wholesale business with over 700 accounts, both domestically and internationally. The company focuses on stylish, custom-built furniture and offers in-home design visits to enhance customer experience.

Positive

• Quarterly dividend of $0.14 per share enhances shareholder value.
• Strong retail strategy with 97 stores and over 700 wholesale accounts.

Negative

• None.

BASSETT, Va., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.14 per share of common stock, payable on February 25, 2022, to shareholders of record at the close of business on February 11, 2022.

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 Bassett Furniture?

Bassett Furniture has declared a dividend of $0.14 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on February 25, 2022.

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

The record date for the dividend is February 11, 2022.

How many stores does Bassett Furniture operate?

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

What is Bassett Furniture's stock symbol?

Bassett Furniture's stock symbol is BSET.