Bassett Regular Quarterly Dividend

Bassett Furniture Industries (Nasdaq: BSET) has declared a quarterly dividend of $0.16 per share, payable on February 24, 2023, to shareholders of record by February 10, 2023.

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(Neutral)

Rhea-AI Sentiment

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Rhea-AI Summary

Bassett Furniture Industries (Nasdaq: BSET) has declared a quarterly dividend of $0.16 per share, payable on February 24, 2023, to shareholders of record by February 10, 2023.

The company operates 91 retail locations and boasts a robust wholesale network with over 700 accounts across the U.S. Its retail strategy emphasizes stylish, custom-built furniture, accompanied by free in-home design consultations and a range of coordinating accessories.

Positive

Declared quarterly dividend of $0.16 per share, indicating confidence in financial health.
Strong retail presence with 91 company- and licensee-owned stores.
Extensive wholesale network with over 700 accounts, enhancing market reach.

Negative

None.

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News Market Reaction – BSET

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01/12/2023 - 09:00 AM

BASSETT, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on February 24, 2023, to shareholders of record at the close of business on February 10, 2023.

About Bassett Furniture Industries, Inc.
Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 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 and Chief Financial Officer
(276) 629-6614 - Investors

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Bassett Furniture (BSET)?

The declared dividend amount is $0.16 per share.

When will the dividend for BSET be paid?

The dividend will be paid on February 24, 2023.

What is the record date for the Bassett Furniture dividend?

The record date for the dividend is February 10, 2023.

How many retail locations does Bassett Furniture (BSET) operate?

Bassett Furniture operates 91 company- and licensee-owned stores.

What is Bassett Furniture's wholesale network like?

Bassett has more than 700 accounts in its wholesale network across the United States.

Bassett Regular Quarterly Dividend