Bassett Furniture Declares Regular Dividend for Shareholders

Author: Logan Wright Updated: 07-17-2025 09:08 AM

Bassett Furniture Announces Quarterly Dividend Payment

Bassett Furniture Industries, Inc. (NASDAQ: BSET), a prominent name in the home furnishings industry, has revealed its Board of Directors' decision to declare a regular quarterly dividend of $0.20 per share. This dividend will be payable, affirming the company's dedication to returning value to its shareholders.

Details of the Dividend Declaration

Shareholders of record will receive their dividend on August 29, affirming the company's commitment to maintaining regular earnings distributions. The record date for this dividend is set for August 15, ensuring that all eligible shareholders benefit from this timely announcement.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries is recognized as a leading manufacturer and marketer of high-quality home furnishings. Currently, the company operates 87 company- and licensee-owned stores, showcasing a strong retail footprint. Bassett’s focus is on providing a friendly shopping experience, which emphasizes stylish, custom-built furniture paired with the latest trends in home decor.

Retail Strategy and Offerings

The retail strategy of Bassett revolves around offering personalized services, including free in-home design consultations, to help consumers make informed choices in their furniture selections. Additionally, the company provides a variety of coordinating decorating accessories, enhancing the customers' purchasing experience.

Wholesale Operations

Apart from its retail operations, Bassett also maintains a robust traditional wholesale business with over 700 accounts across the U.S. This dual approach enables Bassett to capture a wide range of market segments, making it a diverse player in the furniture industry.

Company Contacts

For investor inquiries, J. Michael Daniel serves as the Senior Vice President and Chief Financial and Administrative Officer and can be reached at (276) 629-6614. For media-related questions, Peter D. Morrison is the Vice President of Communications, available at (276) 629-6387.

Frequently Asked Questions

What is the dividend amount declared by Bassett Furniture?

The Board of Directors has declared a dividend of $0.20 per share.

When will the dividend be paid?

The dividend will be payable on August 29 to shareholders recorded by August 15.

How many stores does Bassett Furniture operate?

Bassett operates 87 company- and licensee-owned stores.

What services does Bassett Furniture offer?

Bassett offers stylish, custom-built furniture, free in-home design visits, and coordinating accessories.

Who can I contact for investor information regarding Bassett?

Investors can contact J. Michael Daniel at (276) 629-6614 for inquiries.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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