Bassett Announces Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries (NASDAQ: BSET) declared a regular quarterly dividend of $0.20 per share, payable on February 27, 2026 to shareholders of record at the close of business on February 13, 2026. The declaration provides a near-term cash return to common shareholders.

Bassett sells about 60% of products through 86 company- and licensee-owned stores and maintains a significant wholesale channel with more than 1,000 open market accounts, including Bassett Design Centers, Bassett Custom Studios and the Lane Venture outdoor brand. Products are also sold direct-to-consumer at www.bassettfurniture.com.

Positive

• Quarterly dividend of $0.20 per share declared
• Dividend payable Feb 27, 2026 with record date Feb 13, 2026
• 60% of sales through 86 company and licensee stores

Negative

• None.

News Market Reaction

+0.24%

1 alert

+0.24% News Effect

On the day this news was published, BSET gained 0.24%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BASSETT, Va., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on February 27, 2026, to shareholders of record at the close of business on February 13, 2026.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ: BSET) is a leading provider of high-quality home furnishings with a wide range of distribution types. Bassett sells approximately 60% of its products through its network of 86 company- and licensee-owned stores which feature the latest on-trend furniture styles, the Company’s capabilities in custom furniture design and manufacturing, free in-home design visits, and coordinated decorating accessories in a professional and friendly environment. Bassett also has a significant traditional wholesale business with more than 1,000 open market accounts. Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios which function as a store within a multi-line store featuring the Company’s custom furniture capabilities. The wholesale business, including the Lane Venture outdoor brand, also services general furniture stores and a growing number of interior design firms. Bassett products are also directly available to consumers at www.bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice 
President - Chief Financial
& Administrative Officer
(276) 629-6614 - Investors

Peter D. Morrison, Vice President of
Communications
(276) 629-6387 – Media

FAQ

What dividend did Bassett (BSET) declare on January 15, 2026?

Bassett declared a regular quarterly dividend of $0.20 per share on January 15, 2026.

When is the Bassett (BSET) dividend payable and what is the record date?

The dividend is payable on February 27, 2026 to shareholders of record as of February 13, 2026.

How can I qualify for Bassett (BSET) dividend payment in February 2026?

You must be a shareholder of record at the close of business on February 13, 2026 to receive the February 27, 2026 payment.

How much of Bassett's sales come from company and licensee-owned stores?

Approximately 60% of Bassett's products are sold through its network of 86 company- and licensee-owned stores.

Does Bassett (BSET) sell products outside its retail stores?

Yes; Bassett maintains a wholesale business with over 1,000 open market accounts and sells direct-to-consumer at www.bassettfurniture.com.

Will the Bassett (BSET) dividend affect shareholder cash returns immediately?

Yes; the declared $0.20 per share dividend provides a cash distribution to eligible shareholders on February 27, 2026.