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Bassett Declares Quarterly Dividend

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BASSETT, Va., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (BSET) announced today that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on November 29, 2019 to shareholders of record at the close of business on November 15, 2019.

Bassett Furniture Industries, Inc. (BSET), is a leading manufacturer and marketer of high quality home furnishings. With 103 company- and licensee-owned stores, 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. The most significant growth opportunity for Bassett continues to be the Company’s dedicated retail store program. Bassett’s retail strategy includes custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature 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. 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