BSET Bassett Furniture Industries Inc.

Bassett Announces Regular Quarterly Dividend

Bassett Announces Regular Quarterly Dividend

BASSETT, Va., Jan. 16, 2025 (GLOBE NEWSWIRE) -- 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 February 28, 2025, to shareholders of record at the close of business on February 14, 2025.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 87 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 - Chief Financial & Administrative Officer

(276) 629-6614 - Investors

Peter D. Morrison, Vice President of Communications

(276) 629-6387 – Media



EN
16/01/2025

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Reports on Bassett Furniture Industries Inc.

 PRESS RELEASE

Bassett Reports Fiscal Fourth Quarter Results

Bassett Reports Fiscal Fourth Quarter Results BASSETT, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ: BSET) reported today its results of operations for its fourth quarter ended November 30, 2024. Q4 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 11%.Operating income of $0.9 million, which included a $1.0 million charge related to the realization of cumulative translation losses associated with the wind-down of Noa Home Inc. and a $0.4 million restructuring charge for ...

 PRESS RELEASE

Bassett Announces Fourth Quarter Conference Call

Bassett Announces Fourth Quarter Conference Call BASSETT, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, January 30, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, January 29, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company’s invest...

 PRESS RELEASE

Bassett Announces Regular Quarterly Dividend

Bassett Announces Regular Quarterly Dividend BASSETT, Va., Jan. 16, 2025 (GLOBE NEWSWIRE) -- 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 February 28, 2025, to shareholders of record at the close of business on February 14, 2025. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 87 company- and licensee-owned stores at the time of this ...

 PRESS RELEASE

Bassett Announces Additional Cost Structure Reductions and Updates Pro...

Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan BASSETT, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today certain work force reductions designed to both streamline operations and better match the Company’s cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings. Including this action, Bassett has reduced its headcount by 11% over th...

 PRESS RELEASE

Bassett Reports Fiscal Third Quarter Results, Updates Progress on Rest...

Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company’s Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year’s quarter...

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