Bassett Regular Quarterly Dividend

Rhea-AI Summary

Bassett Furniture Industries, Inc. (NASDAQ: BSET) has declared a regular quarterly dividend of $0.125 per share of common stock. The dividend will be payable on February 26, 2021, to shareholders on record by the close of business on February 12, 2021. With a network of 97 stores, Bassett continues to leverage its strong brand in the home furnishings market, offering stylish and custom-built furniture along with a traditional wholesale business.

Positive

• Regular quarterly dividend of $0.125 per share supports shareholder income.
• Strong retail strategy with 97 company- and licensee-owned stores.

Negative

• None.

News Market Reaction – BSET

+9.75%

1 alert

+9.75% News Effect

On the day this news was published, BSET gained 9.75%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BASSETT, Va., Jan. 14, 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 February 26, 2021 to shareholders of record at the close of business on February 12, 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 and payment date for BSET?

Bassett Furniture Industries, Inc. has declared a dividend of $0.125 per share, payable on February 26, 2021.

When is the record date for the BSET dividend?

The record date for the quarterly dividend is February 12, 2021.

How many stores does Bassett Furniture have?

Bassett Furniture Industries has 97 company- and licensee-owned stores.

What is the focus of Bassett's retail strategy?

Bassett focuses on providing stylish, custom-built furniture and a friendly shopping environment.