Bassett Announces Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries (NASDAQ: BSET) said its Board declared a regular quarterly dividend of $0.20 per share, payable on November 28, 2025 to shareholders of record at the close of business on November 14, 2025.

Bassett sells about 60% of products through a network of 86 company- and licensee-owned stores and also serves more than 1,000 open market wholesale accounts, including Bassett Design Centers, Bassett Custom Studios and the Lane Venture outdoor brand. Products are also available online at www.bassettfurniture.com.

Positive

• Dividend declared of $0.20 per share
• Payment date set for November 28, 2025
• Record date set for November 14, 2025

Negative

• None.

News Market Reaction – BSET

-1.55%

1 alert

-1.55% News Effect

On the day this news was published, BSET declined 1.55%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BASSETT, Va., Oct. 16, 2025 (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 November 28, 2025, to shareholders of record at the close of business on November 14, 2025.

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 October 16, 2025?

Bassett declared a regular quarterly dividend of $0.20 per share on October 16, 2025.

When will Bassett (BSET) pay the $0.20 dividend and who is eligible?

The dividend is payable November 28, 2025 to shareholders of record at the close of business on November 14, 2025.

How can I confirm I am a shareholder of record for the BSET dividend on November 14, 2025?

You must be listed as a shareholder on the company’s transfer records at the close of business on November 14, 2025 to be eligible.

Does Bassett (BSET) sell products online and through stores mentioned in the dividend release?

Yes. Bassett sells about 60% of products through 86 company- and licensee-owned stores and also sells online at www.bassettfurniture.com.

Will Bassett (BSET) change its dividend payment date for the November 2025 payout?

No change was announced; the payout is scheduled for November 28, 2025 with record date November 14, 2025.

Who can I contact for investor questions about the BSET dividend?

Investor inquiries can be directed to J. Michael Daniel, Senior Vice President - Chief Financial & Administrative Officer, at the phone number provided by the company.