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Bassett Furniture (NASDAQ: BSET) declares $0.20 quarterly dividend August 28

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bassett Furniture Industries, Inc. announced that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock. The dividend is payable on August 28, 2026 to shareholders of record at the close of business on August 14, 2026.

The company describes itself as a provider of high-quality home furnishings, stating that about 60% of its products are sold through a network of 87 company- and licensee-owned stores, with additional sales through more than 1,000 wholesale open market accounts and its online channel.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Quarterly dividend per share $0.20 per share Regular quarterly dividend on common stock declared by the Board of Directors
Dividend payable date August 28, 2026 Payment date for the declared regular quarterly dividend
Dividend record date August 14, 2026 Shareholders of record at close of business on this date receive the dividend
Company and licensee-owned stores 87 Stores through which about 60% of Bassett’s products are sold
Sales through company and licensee stores 60% Approximate share of total product sales via 87 company- and licensee-owned stores
Wholesale open market accounts more than 1,000 Traditional wholesale business accounts served by Bassett, including Lane Venture outdoor brand
regular quarterly dividend financial
"declared a regular quarterly dividend of $0.20 per share of common stock"
shareholders of record financial
"payable on August 28, 2026, to shareholders of record at the close of business"
Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.
open market accounts market
"a significant traditional wholesale business with more than 1,000 open market accounts"
Bassett Design Centers market
"Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios"
Bassett Custom Studios market
"Most of the open market sales are through Bassett Design Centers and Bassett Custom Studios"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What dividend did Bassett Furniture (BSET) declare on July 16, 2026?

Bassett Furniture declared a regular quarterly dividend of $0.20 per share of common stock. The dividend was approved by the Board of Directors and applies to all outstanding shares held by eligible shareholders as of the specified record date.

When is the Bassett Furniture (BSET) dividend payable?

The dividend is payable on August 28, 2026. Shareholders who are on the company’s books as of the close of business on the record date will receive the payment on that date through their usual brokerage or registered holder arrangements.

What is the record date for receiving Bassett Furniture (BSET)’s $0.20 dividend?

The record date for the dividend is August 14, 2026. Only shareholders of record at the close of business on that day will be entitled to receive the $0.20 per share regular quarterly dividend on August 28, 2026.

How does Bassett Furniture (BSET) primarily distribute its products?

Bassett states that about 60% of its products are sold through a network of 87 company- and licensee-owned stores. The remaining sales come from more than 1,000 wholesale open market accounts, including Bassett Design Centers, Bassett Custom Studios, and other channels.

On which exchange is Bassett Furniture (BSET) listed and under what symbol?

Bassett Furniture’s common stock is listed on the NASDAQ under the ticker symbol BSET. The shares have a stated par value of $5.00 per share and represent the equity being paid the regular quarterly dividend.
false 0000010329 0000010329 2026-07-16 2026-07-16
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported) July 16, 2026
 

 
BASSETT FURNITURE INDUSTRIES, INCORPORATED
(Exact name of registrant as specified in its charter)
 

 
Virginia
 
000-00209
 
54-0135270
(State or other jurisdiction of
incorporation or organization)
 
(Commission File No.)
 
(I.R.S. Employer
Identification No.)
 
3525 Fairystone Park Highway
BassettVirginia
24055
(Address of principal executive offices)
(Zip Code)
 
Registrants telephone number, including area code (276629-6000
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading Symbol
 
Name of exchange on which registered
Common Stock ($5.00 par value)
 
BSET
 
NASDAQ
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

 
Item 8.01
Other Events
 
On July 16, 2026, Bassett Furniture Industries issued a news release relating to the declaration of a quarterly dividend of $0.20 per share of common stock payable on August 28, 2026, to shareholders of record at the close of business on August 14, 2026. A copy of the news release is attached to the report as Exhibit 99.
 
 
Item 9.01.
Financial Statements and Exhibits.
 
(d) Exhibits
 
99
News release issued by Bassett Furniture Industries, Inc. on July 16, 2026.
 
104
Cover Page Interactive Data File (embedded within the inline XBRL document)
 

 
Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
July 16, 2026
By:
/s/ J. Michael Daniel
 
 
 
J. Michael Daniel
 
 
 
Title:    Senior Vice President – Chief Financial & Administrative Officer
 

Exhibit 99

 

 

logo.jpg

 

Bassett Furniture Industries, Inc.

J. Michael Daniel, Senior Vice

P.O. Box 626

President - Chief Financial

Bassett, VA 24055

& Administrative Officer

 

(276) 629-6614 - Investors

 

 

 

Peter D. Morrison, Vice President of

 

Communications

For Immediate Release

(276) 629-6387 – Media

 

 

 

Bassett Furniture News Release

 

Bassett Announces Regular Quarterly Dividend

 

(Bassett, Va.) – July 16, 2026 –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 August 28, 2026, to shareholders of record at the close of business on August 14, 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 87 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)

 

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Filing Exhibits & Attachments

5 documents