Bassett Announces Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries (Nasdaq: BSET) has announced that its Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock. The dividend will be payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025.

The company operates a network of 87 company- and licensee-owned stores and maintains a traditional wholesale business serving over 700 accounts across the United States. Bassett specializes in custom-built furniture featuring the latest trends, complemented by free in-home design visits and coordinated decorating accessories.

Positive

• Consistent dividend payment demonstrates financial stability
• Strong retail presence with 87 stores
• Extensive wholesale network with 700+ accounts

Negative

• None.

BASSETT, Va., Jan. 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 February 28, 2025, to shareholders of record at the close of business on February 14, 2025.

About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 87 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 - Chief Financial & Administrative Officer
(276) 629-6614 - Investors

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

FAQ

What is the amount of Bassett Furniture's (BSET) Q1 2025 dividend?

Bassett Furniture (BSET) declared a quarterly dividend of $0.20 per share of common stock.

When is the payment date for BSET's latest quarterly dividend?

The dividend will be paid on February 28, 2025.

What is the record date for Bassett Furniture's Q1 2025 dividend?

The record date is February 14, 2025, at the close of business.

How many retail stores does Bassett Furniture (BSET) currently operate?

Bassett Furniture operates 87 company- and licensee-owned stores.

How many wholesale accounts does BSET serve in the United States?

Bassett Furniture serves more than 700 wholesale accounts across the United States.